News
Artificial Intelligence’s Impact on CRE
The technological advance is rapidly growing within the industry, but there are some concerns within the corporate space, according to a panel at CoreNet Global’s 2018 Summit in Boston.
Assurance to Relocate HQ to Schaumburg, IL
The company leased 75,000 square feet of office space at one of Zeller Realty Group’s Woodfield Preserve Office Center. Jesse Van Dyke of JLL represented the tenant in the transaction.
Skanska Signs BP to Houston Office Complex
The energy giant’s BP Lower 48 affiliate will occupy 91,000 square feet at West Memorial Place, a LEED Platinum campus in the Energy Corridor submarket.
Arch Cos. JV Snags $63M Charlotte Office
The company teamed up with Lakestar Properties on the acquisition of Cambridge, a 350,000-square-foot property within the 2,200-acre University Research Park.
Woodbine Legacy Investments Pays $152M for LA DoubleTree Hotel
The new owner plans to spend as much as $35 million in renovations. The deal includes an adjacent site slated for office development.
Newmark Knight Frank Brokers Major Williamsburg Lease
Cornell Realty Group signed a 40,500-square-foot lease at a former industrial building. The five-story property will be redeveloped to include a new facade and modernized lobby and elevators.
Montecito Medical Enters Minnesota Office Market
The company acquired a Class A medical office building in Willmar. Fischer Laser Eye Center and Janning Ear, Nose and Throat Center are the property’s two tenants.
Adolfson & Peterson Construction Relocates HQ
The firm is leaving its home of 50 years for The Colonnade, an office tower in the Minneapolis suburb of Golden Valley, Minn.
Uptown Charlotte Office Building Receives $59M Refi
An HFF debt placement team represented the borrower in securing the four-year, floating-rate loan. PCCP provided the financing for 300 South Brevard.
The Importance of Corporate Diversity and Inclusion
At CoreNet Global’s 2018 Summit in Boston, a group of panelists discussed the keys to creating an inclusive work environment and how that translates in the corporate world.