News
Piedmont Office Realty Sells Orlando Asset for $28M
CBRE arranged the sale of HD Supply Building, a Class A, 182,461-square-foot office tower located in downtown Orlando.
Cousins Sells Orlando Portfolio for $24M
CBRE brokered the sale and arranged $18.3 million in acquisition financing on behalf of buyer-borrower Realty Capital Commercial Real Estate Advisors.
KBS Snags $88M Minneapolis Office Tower
Base Management disposed of the 523,000-square-foot Marquette Plaza, which is situated on an expansive 1.5-acre park, the largest green space in the city’s CBD.
Skanska to Build Seattle-Area Schools for $78M
The company signed a contract with the Central Kitsap School District to construct a new middle school and high school in Silverdale, Wash. The facilities are expected to become operational in the 2019-2020 academic year and serve 2,100 students.
Hilton Garden Inn Changes Hands in Maine
Dover Properties LLC sold Hilton Garden Inn Freeport Downtown, a 99-key asset dating back to 2005, located within a 20-minute drive of Portland.
Marcus & Millichap Completes Sale of U Storage OK
The firm represented both the seller and the buyer in the sale of the 134,318-square-foot self-storage facility, located in Edmond, a suburb of Oklahoma City.
Star Grill Cinema Signs Long-Term Lease at CityPlace in TX
The project will feature laser projection technology, heated and cooled luxury recliner seating, large-format movie screens, Dolby Atmos sound and upscale, modern décor.
Woodmont Buys 519 KSF Atlanta-Area Asset
The storage and distribution facility, which last traded in 2014, underwent cosmetic renovations and was almost 50 percent leased at the time of sale.
Economy Watch: Investors to Buy More US CRE in 2018
Eighty-eight percent of investors responding to CBRE Americas’ new Investor Intentions Survey said they plan to maintain or increase their spending this year.
Green Street Snags SunPower PV Projects in NYC
First up will be a 918-kilowatt rooftop system in Queens, scheduled for an April 1 construction start and completion by late spring.