News
Investcorp Enters German Market
The firm purchased Bürocampus Wangen, a 500,000-square-foot mixed-use office campus in Stuttgart, Germany, in a joint venture with Continuum Capital Investment Management GmbH.
CBRE Taps New SVP in Seattle
Steve Schwartz has left his managing director position at JLL to join CBRE’s advisory and transaction services team, working closely with Senior Managing Director John Miller.
Eldorado Resorts to Add Chicagoland Casino to Growing Portfolio
The company plans to buy the Grand Victoria Casino in Elgin, Ill., a gambling venue with more than 1,000 slot machines, 30 table games and a poker room.
Tropicana Entertainment to Sell for $1.9B
Majority owned by Icahn Enterprises, Tropicana will sell its real estate assets to Gaming and Leisure Properties and merge its gaming and hotel operations with Eldorado Resorts in the all-cash deal.
140-Key Marriott Hotel Opens in Indiana
The five-star hotel in South Bend, operated under the Courtyard by Marriott umbrella, is developer JSK Hospitality’s ninth property.
Foxfield and Novaya Receive $8M Loan for NJ Acquisition
The joint venture invested in three properties located within Pureland Industrial Complex, a 3,000-acre park providing immediate access to major distribution routes and the Ports of Camden and Philadelphia.
CBRE Lands Office Management, Leasing Contracts in South FL
The firm’s Kevin Probel and Kevin McCarthy will handle leasing for the two buildings, and Mike Williamd and Cindy Hatcher will oversee property management.
Economy Watch Weekly: Which Cities Offer Highest Quality of Life?
Economy Editor Dees Stribling discusses the cities that topped U.S. News & World Report’s annual ranking of the Best Places to Live, for the week ending April 13, 2018.
Economy Watch: Corporate Retail Defaults Hit New High in Q1
The corporate sector saw nine retail defaults in the first quarter, more than any other business category, according to a recent Moody’s Investors Service report.
DC Bar Headquarters Opens in Mount Vernon Triangle
The 100,000-square-foot building offers collaborative workspace, a conference center, a broadcast studio and a 17,000-square-foot flexible event space. Alliance Architecture was in charge of the design.