News
Twitter Signs 215 KSF Lease Extension in NYC
Columbia Property Trust secured the social media company’s lease for another five years. This location marks Twitter’s second-largest headquarters after San Francisco.
Crystal City’s Courting of Amazon’s HQ2
The Northern Virginia locale would see a boon to its office and retail real estate markets should the e-commerce leader’s multibillion-dollar second headquarters come to town.
Avison Young to Acquire GVA
The combined operations will have 5,000-plus employees in more than 120 offices in 25 countries. The transaction is expected to close in early 2019.
Transwestern Brokers Sale of 150 KSF FL Retail Asset
The Orlando Class A shopping center spans 15 acres and is shadow-anchored by Walmart and Lowe’s Home Improvement Store.
CBRE Tapped to Sell Former Sears Stores in OH
The two assets, which encompass approximately 648,000 square feet, are located in Mentor at the Great Lakes Mall and in Middleburg Heights at Southland Shopping Center.
Atlanta Marriott Gets $57M Refi
Integrated Capital has nearly finished $14 million of renovations at the 344-key hotel. The new loan retires a $52.8 million prior mortgage held by Emigrant Bank.
Peachtree Hotel Group Trades Jacksonville Sheraton
The buyer, a joint venture between Rockbridge and Hospitality Ventures Management Group, plans to invest more than $1 million in renovations.
Parallel Capital Sells 12-Property San Diego Portfolio
The 319,000-square-foot group of office and laboratory buildings will undergo a repositioning program to further accommodate the growing demand for life sciences space.
Douglas Development Buys $12M MD Office Property
Transwestern represented the seller in its disposition of 116 Defense Highway, an 81,931-square-foot building that was 70 percent leased at the time of sale.
Investors Optimistic About Tax Reform, Wary of Interest Rates
The latest NREI/Marcus & Millichap Investors Sentiment Survey found enough uncertainty among CRE owners to push the index level back to where it was a year ago.