News
Simon Property Group to Spend $4B on Experiential Upgrades
The retail and mixed-use property developer will transform some of its most notable assets with a mix of new offerings ranging from progressive restaurant concepts to premier hotels.
Raleigh-Area Homewood Suites Opens Doors
Parks Hospitality Group owns and operates the 108-key, all-suite hotel. The ground-up, six-story construction project kicked off in early 2017.
Kearny Appoints New VP of Acquisitions, Project Management
Steven Hillgren, who is joining the company’s Los Angeles office, adds nearly 10 years of real estate lending experience to Kearny’s roster.
RREEF Property Trust Appoints New President, CEO
In her new position, Julianna Ingersoll will report to the board of directors and assume responsibility for the overall leadership, strategic direction and investment performance.
Silicon Valley Office Campus Lands $71M Refi
CBRE has arranged the financing on behalf of Rockwood Capital and Four Corners Properties, the owners of The Junction at Montague, a four-building, 262,110-square-foot property in San Jose, Calif.
Greenfield Partners Sells Baltimore-Area Office/Flex Asset
The Class B facility located in Columbia, Md., traded for $5 million. The new owner occupies roughly 84 percent of the property.
Miami-Area Shopping Complex Fetches $12M
Walmart is the anchor tenant of the 2016-built Palmetto Design Plaza and has 17 years remaining on its lease with 16 five-year options.
PCCP Shells Out $127M for Miami CBD Office Tower
CBRE facilitated the disposition of SunTrust International Center on behalf of seller Crocker Partners, while Invesco Real Estate provided acquisition financing.
Irvine Co. Boosts SoCal Grid With Electric Hybrids
A 21-building Orange County portfolio will contribute as much as 10 megawatts during peak demand.
Broome Storage to Develop Tampa Facility
The firm has received rezoning approval for a five-story self-storage development located across from Westshore Marina District, a $600 million master-planned community.