News
Work Begins on Final Wade Park Office Building in Raleigh
Developer Dominion Realty Partners has once again teamed up with Prudential Global Investment Management for the construction of Wade V, which will take some 20 months to complete.
Hempel Cos. Snags Minneapolis Office Asset
AtWater Group sold Concorde Executive Center, a 104,063-square-foot building in the Northwest submarket for $5.5 million. Cushman & Wakefield is in charge with the property’s management and leasing activities.
EDGE Fitness Expands into Michigan
The company will open two new clubs in Farmington Hills and Sterling Heights by the fourth quarter of 2019, as it works to expand into the Midwest and the Pennsylvania metro area.
Founders Properties Snags Columbus Assets for $21M
The deal was a portfolio transaction and it included Northwoods II and 825 Tech Center Drive. The PNL Cos. was the seller.
Mission Capital Secures $19M Loan for Two NC Hotels
The portfolio comprises a 91-key Home2 Suites by Hilton and a 95-key SpringHill Suites by Marriott in Winston-Salem. A Milestone entity will manage the assets.
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Avison Young Completes Chicago Industrial Lease
The tenant, Cycle Logistics, is consolidating its distribution space by deciding to operate from Elk Grove Village, Ill. The landlord of the property is Ella Holdings.
SunPower’s 1.7 MW Project Powers Bose’s Global HQ
The fixed-tilt, ground-mount solar system in Framingham, Mass., will reduce Bose’s traditional grid electricity consumption over the next 20 years.
Hilton Launches Micro-Hotel Brand
The modestly priced lodging destinations will provide visitors with adaptable guestrooms and amenities to create a customized experience in top urban destinations.
Knotel Closes $60M Funding Led by Norwest Venture Partners
The “agile workspace” provider sought the financing to expand its global footprint, which now stands at more than 1.7 million square feet.