News
KS Partners Buys Boston Office Asset for $30M
Brickpoint Properties sold a roughly 82,000-square-foot building in the Downtown Crossing neighborhood, after owning it for more than 40 years.
Climate Change as a Real Estate Investment Risk Factor
The report from ULI and Heitman predicts that assessing a property’s exposure will become institutionalized and suggests next steps for raising awareness.
Top 4 Things to Know About Detroit’s Office Market
Colliers Executive Vice President John Fricke touches on the challenges, top amenities, market performance and 2019 trends in the Midwestern metro.
Bridge Development Buys Industrial Facility for $68M
Lee & Associates facilitated the sale of a 261,528-square-foot industrial asset located in Los Angeles, near the city’s downtown. The firm represented both the seller and the buyer in the deal.
Rubenstein Partners Grows Presence in MD
Boston Properties received $22.7 million for The Preserve at Tower Oaks in Rockville. The owner will be soon add a new tenant lounge, a café and a fitness facility.
NKF Inks 4 Leases at Converted Stamford Building
The team of Tim Rorick and Jack McDermott facilitated the deal on behalf of the landlord, ClearRock Properties and Juster Properties.
Fairfield by Marriott Coming to Japan
A subsidiary of Pacifica Capital K.K. has partnered with Marriott International to open a 300-key hotel in Osaka. The 14-story property is scheduled for completion in 2020.
NorthWest to Buy $900M Hospital Portfolio in Australia
In a sale-leaseback transaction with Healthscope Ltd., the Toronto-based REIT will acquire 11 properties located in Melbourne, Sydney and Brisbane.
New Jersey Continues Warehouse, Logistics Surge
Even though the state hit a 17-year high for new industrial development, demand was voracious enough to more than offset it, as rents keep pace with massive absorption.
US Hospitality Sector Continues Growth Trend
Despite macroeconomic concerns and an overall expectation that the industry metrics are slowing down, hotel profits increased last year, according to a new HotStats report.