News
INCA Acquires Arizona Lending Firm, Appoints VP
In his new role at INCA, Phil Sollomi, the principal & founder of Scottsdale Private Lending, will oversee loan origination and underwriting.
Economy Watch: Office Sector Faces Softening, Ten-X Commercial Predicts
Demand remains tepid, despite employment growth that tops previous expansions. Ten-X Commercial also identifies the office sector’s top “buy” and “sell” metros.
RE Veteran Joins Starpoint Properties as Head of Investments
With nearly two decades of senior level experience, Lonnie Vidaurri will also lead the capital markets team. Previously, he served at Onewest Bank, Barclays and Lehman Brothers.
MCA Signs New Tenant, Sells 6 in Vegas
The company sold five buildings from Lamb Technology Center with a significant profit, and an additional industrial property was disposed of after the tenant defaulted on its contract.
NKF Inks 98 KSF Lease at CA Office Park
Leidos signed a lease to occupy office space at 924 Overland Court in San Dimas, Calif., bringing the two-building office campus to full occupancy.
Rubenstein Partners Buys Stake in DC Trophy Building
The company cashed out $27.5 million for an 80 percent stake and plans to modernize the office property through a series of building and tenant service upgrades.
Mobile Doorman Presents New App Technology
The company has integrated the TransitScreen GO mobile platform—a software technology that provides real-time displays of transportation options—in its custom-branded app.
IHG Opens Saudi Arabia Crowne Plaza
The 326-key hotel and convention center is IHG’s seventh property in Riyadh, and it features nearly 130,000 square feet of conference and meeting space.
MBA Releases 2018 Outlook
The Mortgage Bankers Association unveiled its predictions for commercial and multifamily mortgage originations. Overall, volume will be slowing, but the picture varies by property type.
Spanish Conglomerate Buys $58M Miami Beach Hotel
Paul Weimer and Christian Charre of CBRE Hotels represented seller Rockwood Capital in the disposition of the recently refurbished art-deco property.