News
DC-Area Sheraton Hotel Lands $16M Refi
The 16-story Sheraton Silver Spring Hotel, located 7 miles north of downtown D.C., features 229 keys. Built in 1971, the property underwent recent renovations.
National Manufacturing Co. Grabs NJ Industrial Asset
The 88,000-square-foot property is located in Piscataway, along the Interstate 287 corridor, one of New Jersey’s most active industrial hubs.
Shaner Hotels Opens First Marriot Hotel Near Airport
Fairfield Inn & Suites Harrisburg Hershey offers 86 rooms, 37 suites and two meeting rooms totaling more than 1,600 square feet of space.
Hilco Buys Boston-Area Office Campus for $86M
NKF Capital Markets arranged the company’s acquisition of CenterPoint, a 440,000-square-foot property in Waltham, Mass., which formerly served as an R&D and manufacturing hub for Raytheon.
71 KSF Self-Storage Facility Opens in NC
The newly built facility located in Clayton is approximately 15 miles from downtown Raleigh. Absolute Storage Management is the manager of the storage asset.
Cloud Activity Drives Data Center Demand
Northern Virginia remains the sector’s largest market, but the lack of supply in some major metros is expected to drive more growth in secondary markets like Phoenix, San Antonio and Austin.
AT&T’s Dallas HQ Building Changes Hands
CBRE has facilitated the sale of the 37-story Whitacre Tower on behalf of Icahn Enterprises. AT&T’s lease renewal through 2030 played a significant role in attracting more than 20 bidders.
MOB Sector Keeps Thriving
Demand for the specialty product is likely to stay robust for the long term, Marcus & Millichap predicts in a new report.
Sacramento Valley Retail Center Changes Hands for $18M
The shopping center opened its doors in 1985, anchored by K-Mart. Engstrom Properties renovated the asset and shifted toward a diversified mid-size tenant roster.
FL Medical Office Building Trades for $6M
Avison Young brokered the sale of Boynton West Professional Center in Boynton Beach on behalf of Hews Woolbright. The 80 percent occupied asset is near the JFK and Bethesda hospitals.