News
CBRE to Relocate Memphis Office
The firm’s new space, containing more than 10,000 square feet, is nearly 50 percent smaller than its current location, nearly five miles to the southwest.
First Dolce Hotel Opens in Cincinnati
The Summit, which was developed on the former site of the NuTone door chime factory, anchors the $124 million mixed-use project on the Medpace campus.
Marcus & Millichap Appoints New DC Regional Manager
Matthew Drane will be in charge of expanding the firm’s investment services, working closely with agents and investors. He has been with the firm since 2012, serving most recently as associate regional manager.
Bluegreen Vacations Buys $34M San Antonio Hotel
The company plans to add 13,000 square feet of office space to the 165-key luxury boutique hotel by the end of the year.
Economy Watch: Architectural Billings Slow in March
In the midst of construction labor shortages, project backlogs are currently in excess of six months—their highest post-recession level—The American Institute of Architects reported in its latest Architecture Billings Index.
Top 5 Largest Office Pipelines in the Northeast
New York City continues to dominate the region’s construction activity, with the only exception being Philadelphia, where suburban areas recorded a higher amount of new deliveries than the urban core.
San Diego Office Asset Changes Hands for $33M
JLL Capital Markets completed the sale of 1450 Frazee on behalf of the seller, Menlo Equities. At the time of sale, the building was 90.6 percent occupied by 27 tenants.
Transwestern Taps New VP of Healthcare Advisory Services
John Lopez will be responsible for the oversight and execution of medical real estate investment and leasing for clients across the southeast.
Mack-Cali Sells 6-Building NJ Asset
Continuing its ongoing strategy of selling off non-core properties, Mack-Cali sold Horizon Center to another New Jersey-based company.
Appian to Relocate Corporate HQ to Tysons, VA
The software company will serve as the anchor tenant at Valo Park, a recently redesigned, 785,000-square-foot trophy office campus.