News
Grocery-Anchored Retail Center Trades in RI
HFF represented ShopCore Properties in the sale of the 60,488-square-foot retail center in Richmond, which includes a supermarket, fuel center and a fitness club.
Peloton to Open North Dallas Office
The fitness technology firm is expected to hire up to 400 people at its new location, which is scheduled to open in the third quarter.
ICM Realty Taps Transwestern to Lease Minneapolis Office
The 85,000-square-foot building, a former barrel factory in the city’s downtown, underwent a multimillion-dollar renovation in 2017.
Abrams Realty Snags $55M PA Retail Power Center
HFF marketed the property on behalf of Urban Edge Properties and arranged a $50.4 million floating-rate acquisition loan for the buyer.
Grosvenor Appoints Next CEO
Steve O’Connell will succeed Andrew Bibby, who after 35 years with the firm, will retire on December 31. O’Connell previously served on the firm’s development team and as managing director of investment.
Hilton Launches New Embassy Suites in Montreal
Easton’s Group of Hotels is the owner and manager of the new 162-key Embassy Suites by Hilton Montreal Airport. The hotel provides studio and two-room suites.
Economy Watch: US Economic Growth Stable in 2018, To Dip in 2019
A slight pickup in consumer spending in March suggests there is still room for growth in the coming quarters, with corresponding boosts to GDP, according to the Fannie Mae Economic and Strategic Research Group’s May 2018 Economic and Housing Outlook.
Strawberry Fields Buys KY Rehabilitation and Nursing Facility
Located at 1015 Magazine St. in Louisville, Ky., the 1962-built property was renovated between 2012 and 2014. Landmark Group is currently leasing and managing the asset.
Stable Industrial Investments Spur Sale-Leaseback Deals
A Marcus & Millichap report found that the new federal tax laws that favor leasing over owning also contribute to a growing number of industrial sale-leaseback transactions.
Novaya Real Estate Ventures Buys $12M Boston-Area MOB
Located at 340 Wood Road, the asset is fully leased to more than 10 tenants, including Milton Pediatrics, MassGeneral Hospital for Children and South Shore Hospital.