News
MCR Buys $18M DC-Area SpringHill Suites
Located in Fairfax, Va., the 140-key hotel underwent $1.4 million worth of renovations last year. The six-story building dates back to 2009.
ROOT Expands Montreal Data Center Capacity
The company’s facilities run almost entirely on hydroelectric power. The 16,000-square-foot campus has a power usage effectiveness of less than 1.15.
Cohen Investment Expands Georgia Footprint
The company has added to its portfolio two self-storage facilities located in Gardena City, a suburb of Savannah, GA. The buildings are within the industrial complex of Savannah.
What Marketing Can Do for Emerging Businesses
QuickBridge’s president and director of marketing weigh in on the importance of having a coherent strategy that includes a social media component.
NAI Nabs Atlanta Industrial Leasing Assignment
The newly built, 432,000-square-foot industrial cross-dock facility recently changed hands, when Cabot Properties acquired the asset from Huntington Industrial Partners.
Boston Properties Invests in NYC, LA Assets
The office transactions, which total more than 3 million square feet and involve partnerships, give the REIT a stake in Manhattan’s 3 Hudson project and West Los Angeles’ Santa Monica Business Park.
PGIM Sells Inland Empire Office Building
Greenlaw Partners purchased One Piemonte, a nearly 125,000-square-foot Class A building, for $29.5 million. The buyer funded the acquisition with a $19.2 million loan.
P3RE Gets $149M Refi for San Diego Campus
HFF arranged the loan for Genesis Campus Point, a three-building Class A life-sciences campus that totals more than 300,000 square feet.
LaSalle Acquires Houston Trophy Tower
The global real estate investment management firm paid a record-setting price for the 28-story, 510,000-square-foot Memorial Hermann Medical Plaza in the Texas Medical Center district.
Sonnenblick-Eichner Arranges $50M Refi for Seattle Hotel
The company closed on financing for the 153-key Hotel Theodore, a recently renovated asset in the metro’s downtown area.