News
Starwood Capital, LeFrak Sell Miami Hotel for $610M
A new owner is on board at 1 Hotel South Beach, a landmark 429-key luxury property which underwent a multimillion-dollar transformation in 2015.
Lightstone Names New SVP to Lead Debt Platform
Eugene Rozovsky, who joined the company last year, will be in charge of real estate debt strategies. He previously worked at Madison Realty Capital and Hudson Realty Capital.
TransPerfect Relocates Global HQ to Manhattan’s Nomad Tower
The company signed a long-term lease with Global Holdings Management Group, which has owned the Midtown South trophy high-rise since late 2016.
NJ’s New Generation of Workspaces
Michael Sommer, executive vice president at Edison Properties, reveals how one of the largest office projects underway in Newark, N.J., acts as a catalyst for the revitalization of the area’s office space inventory and more.
SWAN Sells Medical Office Assets in Atlanta
Ackerman Medical represented the seller in the $18.9 million transaction of four buildings totaling 80,116 square feet, with Elliott Bay Capital Trust as main buyer.
CRE Market Conditions: It’s a Flat World
Little near-term change is expected for commercial real estate markets globally, in either investor sentiment or tenant demand, according to the latest RICS survey.
Ackerman Sells 2 Industrial Buildings in Atlanta Area
Part of the Stone Mountain Industrial Park located near Interstate 285, the two facilities add up to roughly 70,000 square feet.
Industrial Market: Still Going Strong
Despite approximately 1 billion square feet of new space coming to the market over the last three years, demand continues to drive rent growth, Transwestern reports.
Denver-Area Office Asset Sells for $18M
The seller, City Office REIT, had purchased the three buildings totaling nearly 200,000 square feet in mid-2014 for more than $25 million.
Audi, E.ON to Build Europe’s Largest PV Rooftop System
The solar array will span across more than 1.7 million square feet on the roofs of two logistics center Audi has in Győr, Hungary.