News
JV Acquires Chicago Industrial Portfolio
HFF marketed the assets on behalf of the seller, Hackman Capital Partners. The properties include four buildings located in the O’Hare and South Cook submarkets.
DuPont’s Rainscreen Protects Cladding from Moisture Damage
The Tyvek DrainVent extends the life of exterior cladding by preventing cracking, peeling and rot.
Manhattan Office Deal Tops SL Green’s Big Day
The office REIT’s biggest news was its entrance into the hot Hudson Yards market, with the purchase of a $440 million property located at 460 W. 34th St.
TMG Partners, KKR Buy 24-Story Oakland Tower
The transaction marks the third change of ownership for 1221 City Center, an iconic office property in the central business district, over the past six years.
Meridian Group JV Buys Downtown DC Office
In a partnership with WeWork Property Advisors affiliates, the company plans to renovate 1333 New Hampshire Ave., a building where WeWork intends to lease 100,000 square feet.
Downtown Portland High-Rise Opens Doors
The 19-story Broadway Tower in the city’s central business district is now complete. Apart from office space, the property also includes a Radisson Red hotel.
Microsoft Vendor Relocates Portland HQ
Jet Global now occupies 30,000 square feet in a newly renovated, adaptive reuse building closer to the city’s core. The move is part of Jet Reports’ rebranding process.
Goldman Sachs Acquires Portland Office Asset
The $25.7 million sale price is twice the amount paid in 2013 by the building’s previous owner, Melvin Mark.
DC Hotel Changes Hands for $128M
The 300-key Hilton Garden Inn in downtown Washington, D.C., sold for approximately $427,000 per guestroom. The seller was Xenia Hotels & Resorts.
Commonwealth Commercial Hires Managing Director
Working from the company’s new Houston office, William Fehmer will oversee property portfolios, acquisitions and dispositions, as well as development strategies and third-party property services.