News
CBRE Arranges $33M in Financing for Hyatt Hotel
Phoenix Development Partners used the loan to acquire and renovate the 301-key property located in Deerfield, Ill., off the interchange between interstates 94 and 294.
Sotherly Buys $81M Hyatt Centric in VA
Berkadia’s Hotels and Hospitality Group facilitated the sale and arranged financing for the acquisition of the 318-key Hyatt Centric Arlington.
Rexford Sells 1, Acquires 2 CA Industrial Properties
The firm sold an 11,808-square foot building in the Inland Empire, as well as purchased a 96,993-square-foot property in San Marcos and a 43,787-square-foot asset in Long Beach.
JLL to Lease Planned Industrial Asset in NJ
Upon completion in June 2019, Onyx Equities’ distribution center will bring 120,000 square feet of Class A space to the Route 17 corridor.
Economy Watch: Demand for Construction Workers Rises
Skilled labor is particularly in demand, and the sector’s unemployment rate was the lowest national March rate on record. Price increases for materials pose the greatest threat to the continued growth of construction activity.
Plaza Properties Offloads Northern AL Shopping Center
The retail asset, which contains more than 100,000 square feet, is almost fully leased to a range of long-term tenants.
How South Florida Malls Are Navigating Vacancy Growth
CREC’s Steven Henenfeld spoke to Commercial Property Executive about South Florida’s retail centers and what landlords are doing to keep tenants and customers interested.
CBRE Hires New Managing Director
With more than 30 years of industry experience, Jim Gray joins the company from GrayPointe Capital, where he served as president.
Interstate Hotels & Resorts Appoints New Senior VP
Fernando Salazar brings more than 30 years of industry experience. He is the official ambassador of Culinary Institute of America and the Universal Culinary Ambassador of Spain.
First JW Marriott Hotel Coming to Tampa Bay
The 519-key luxury property is part of the downtown Water Street Tampa development and is slated for completion in 2020.