News
Calida Grows Vegas Portfolio With 180 Units
New ownership will use part of the loan received from PCCP LLC to renovate the community. Hampton Garden is located in the Summerlin/Spring Valley area, a top-performing submarket.
Red Roof Gets New Ohio HQ
The company will relocate from downtown Columbus to a new 43,000-square-foot office in New Albany, Ohio, to accommodate its growing corporate team.
Everest Rehabilitation Hospitals to Build OK Medical Facility
The 36-bedroom medical facility will be constructed on a 9-acre site and is slated for completion in spring 2019.
Crocker Fund Sells Palm Beach Office Asset
Kinsale Partners acquired the 27,600-square-foot building, which was 62 percent occupied at the time of sale. HFF represented the seller.
Law Firm Relocates from Downtown Orlando
Estes, Ingram, Foels & Gibbs has leased more than 10,000 square feet at Maitland Forum, a 267,000-square-foot office building located just two miles from Interstate 4.
Cushman & Wakefield Arranges 600 KSF Industrial Sale
Situated in Florida’s booming Interstate 4 corridor, CenterState Logistics Center features new tilt-wall construction, 36-foot clear heights and cross-dock loading options.
NKF Arranges $27M Loan for Florida Hilton
The recently renovated Hilton Melbourne Rialto Place features more than 250 guestrooms and 12,000 square feet of retail space, including the largest ballroom in the county.
Economy Watch: Most Office Space Under Construction Already Preleased
More than half of new construction is preleased in all but one of the top-10 markets for construction activity, according to CBRE’s latest MarketFlash report.
Hospitality Gains Momentum in 2018
Uncertainty about the federal government’s tax and fiscal policy slowed hotel transaction velocity in 2017, but sales activity is expected to increase this year, according to Marcus & Millichap’s 2018 Hospitality Investment Forecast.
Hawaii Hotel Fetches $200M
Continuing its portfolio upgrade, Xenia Hotels & Resorts sold its leasehold interest in the 693-key Aston Waikiki Beach Hotel in Honolulu, four years after acquiring the property for $183 million.