News
Economy Watch: Beige Book Notes Strong Economy, Labor Shortage
Many firms are responding to talent shortages by increasing wages, but only at a modest pace, according to the Federal Reserve’s latest Beige Book.
Newmark Group to Acquire RKF Retail Holdings
Robert Futterman, RKF’s chairman & CEO, will become chairman of Newmark’s Retail Leasing Division as part of a move that expands the firm’s retail services.
Transwestern Arranges 50 KSF Industrial Lease in Miami
AAR Aircraft, a provider of aviation services to commercial and government customers, will be relocating its headquarters to Miami International Commerce Center.
Columbia Property Sells Manhattan Office Asset for $333M
NYU Langone Medical Center has a 30-year triple net lease for the 390,000-square-foot building, which was recently converted for use as a multispecialty ambulatory care facility.
Avison Young Adds Ninth Board Member in Philadelphia
Carol Johnson holds several board positions at various organizations and brings more than 25 years of experience in the industry.
MCR Acquires Trio of Hilton Hotels Near University of Illinois
The U.S.’s seventh-biggest hotel owner-operator toasts the addition of three properties in Champaign, near the home of the Fighting Illini, including a Homewood Suites just steps from the campus.
OC Retail Center Sells for $30M
JLL has arranged the sale of a 77,276-square-foot shopping center located in Fullerton, Calif. The brokerage firm represented the seller.
DataBank Expands Pittsburgh Facility
The PIT1 facility, located within the recently redeveloped NOVA Place, will almost double in size with its upcoming 10,000 square feet of raised floor and an additional 1.5 megawatts.
Phoenix-Area Storage Facility Sells for $7M
Marcus & Millichap’s Tampa-based self-storage group, together with the firm’s Phoenix office, brokered the sale of the 722-unit asset located in Mesa, Ariz.
NKF Brokers Sale of 162 KSF Office in Las Vegas
Renovated between 2010 and 2015, the 12-story high rise is leased by various tenants, including Take Two Interactive Software and Zappos.