News
SIGNA, RFR Close on Chrysler Building Purchase
Abu Dhabi Investment Council and Tishman Speyer have sold off the iconic 77-floor office tower in Midtown Manhattan, plus the adjacent pyramid-topped retail center.
Oil and Gas Consulting Company Renews Houston Lease
The tenant will continue to occupy space on the 32nd floor of Fulbright Tower, a LEED Gold-certified building part of Brookfield Properties’ 4.2 million-square-foot Houston Center office campus.
Hidrock Secures $32M Refi for Manhattan Asset
The loft-style office building comprises 77,880 square feet and is located in the Midtown neighborhood. HFF placed the loan through Ladder Capital Finance.
Decennial Group CRE Venture Launches With $1B Goal
Farpoint Development, Clayco and CRG are behind the investment and development platform, which will focus on projects in designated Opportunity Zones across the U.S. heartland.
Marcus & Millichap Arranges FL Storage Sale
The firm’s Columbus office brokered the sale of a 547-unit self storage facility located in Jacksonville, Fla., roughly 7 miles from the city’s downtown.
Transwestern Sells 2 Lake County Logistics Buildings
Transwestern Investment Group sold the portfolio on behalf of the Diversified International Partners Fund. The warehouse and manufacturing facilities in the suburbs of Chicago total more than 100,000 square feet.
sbe, Byzantine Team on Downtown Detroit Mixed-Use
The $72 million project will redevelop a nearly century-old, 190,000-square-foot office building into a 100-key hotel, plus 70 residential units. The property reportedly will be the first hotel in Detroit’s Cass Corridor.
Marriott to Open New SpringHill Suites in GA
Stafford Hospitality owns the 104-key Marriott hotel located in the historic town of Tifton, near the Georgia Museum of Agriculture and the University of Georgia Tifton Campus.
Cushman & Wakefield Hires New Director in San Diego
Weston Yahn will be based in the company’s Carlsbad office, where he will specialize in R&D, industrial leasing and sales in San Diego’s North County.
Serendipity Labs Opens 2nd WI Location
The coworking space operator selected an eight-story, 360,090-square-foot office building in Middleton as the setting of its seventh Midwest location.