News
Kiddar Capital Nabs Suburban DC Development Site
The nearly five-acre parcel, currently home to a 135,000-square-foot office building, will be the landing site of a new metro station.
Feil Organization Inks 70 KSF NYC Office Lease
Cornell University will lease space on four floors at 570 Lexington Ave., totaling 15 percent of the building’s total gross leasable area and bringing the asset’s occupancy to 96 percent.
Economy Watch: Robust Economic Growth Ahead in First Half of 2018
Strong leading economic indicators and consumer confidence bode well for the U.S. economy this year, according to The Conference Board’s recent reports.
LakePharma Buys 69 KSF Building in MA
The property is located in Hopkinton, 35 miles east of downtown Boston. LakePharma will remodel the existing infrastructure to accommodate its manufacturing needs.
Four Seasons B’more Lands New Manager
As a recently appointed regional vice president, Ilse Harley will also hold additional responsibilities for Atlanta, Miami. St. Louis and Baltimore hotels.
CRC Assigns Real Estate Manager
In this newly created position, Joe Schaefer will work with the commercial, multifamily and construction divisions of the company.
ESRT Signs Full-Floor Lease at Manhattan High-Rise
The firm’s high-rise features more than half a million square feet of office space above nearly 20,000 square feet of street-level retail.
New Holiday Inn Lands in Moscow
Located next to Russia’s busiest airport, the 198-key property is within walking distance of several terminals and a 35-minute train ride from the capital.
Hyatt to Shed 3 Properties in $1B Deal
The sale of Grand Hyatt San Francisco and two resorts to Host Hotels is tied to the company’s sell-down and asset-recycling programs. Hyatt will continue to manage all three assets.
Sterling Bay Buys Chicago Office Tower for $510M
In its largest purchase ever, the REIT snapped up the 1.6 million-square-foot 600 W. Chicago Ave., home to Groupon’s headquarters, from Equity Commonwealth.