News
Broadstone Net Lease Adds New VPs in Phoenix
Greg Lang and Sean Hostert have stepped up as the firm’s vice presidents of acquisitions, focusing on sourcing and closing deals of single-tenant commercial assets.
Economy Watch: Inflation Heats Up in May
The price of gasoline and shelter continue to contribute to the increase in the all items index in May, which ticked up by 0.2 percent.
Marx Development Gets $88M in Financing for Hudson Yards Hotel
Meridian Capital Group secured the 24-month term loan from Mack Real Estate Credit Strategies. The developer plans a 42-story, Marriott-branded property across from the Javits Center on Manhattan’s Far West Side.
Velocis, Altus Buy 500 KSF DC-Area Office Campus
The partners purchased Greensboro Park, a two-building complex in Tysons, Va., from Beacon Capital, and tapped JLL to manage it. The deal marks Velocis’ fourth office acquisition in Northern Virginia.
Suburban Chicago Office Towers Land $60M Refi
Zeller Realty Group received the financing for two seven-story buildings totaling 350,000 square feet in the North Shore submarket. HFF arranged the loan through Ares Commercial Real Estate Corp.
How Investment Managers, Vendors Are Expediting IT Innovation
At Realcomm in Las Vegas, Lisa Howat, managing director of Lionpoint Group, outlined the challenges and opportunities investment managers are facing in addressing enterprise-level technology needs.
Ohio’s The Shops at Worthington Place Adds Tenants
Worthington Square Ventures closed four lease agreements amounting to 24,500 square feet, bringing the retail center to 93 percent occupancy.
Gazit Horizons Picks Up Boston Retail Asset
The seller, Frazer Holdings, traded the vacant property in the city’s urban core for $16.6 million. The building contains 10,500 square feet across two stories.
LPC to Manage 400 KSF Atlanta Mixed-Use Project
The owner, a joint venture between Loudermilk Properties and The Hanover Co., broke ground on the development in early 2017.
Duke Realty Sells IL Industrial Building
Neuco, a distributor of HVACR replacement parts, acquired the roughly 145,000-square-foot Bolingbrook property to serve as its new corporate headquarters.