News
AVR Snags $72M VA Hotel
SVN|Hamm & Co. represented the buyer in its purchase of Residence Inn Alexandria Old Town/Duke Street in Alexandria, which features 240 guestrooms across 257,000 square feet.
Public Storage Snags 6 DFW Facilities
A partnership between Advantage Storage and Harrison Street Real Estate Capital sold the portfolio. JLL Capital Markets negotiated the sale on behalf of the joint venture.
Forest City Sheds 1.2 MSF Shopping Mall
The company sold the Los Angeles-area asset to QIC as part of a 10-mall portfolio transaction expected to close this year.
CBRE Adds Tenants to Houston Office Tower
Sage Plaza recently underwent a series of upgrades that included the addition of a new fitness center and renovating the outdoor seating area.
DC-Area Retail Plaza Sells for $20M
Fortuna Center Plaza is a nearly 105,000-square-foot, grocery-anchored shopping center located in Northern Virginia. The more than $20 million deal was arranged by NKF Capital Markets.
Friendly Hills Marketplace in CA Sells for $40M
CBRE and NRP-West brokered the sale on behalf of the seller, Oppidan Inc. CBRE has also arranged an acquisition loan for the buyer.
CREC to Spearhead Retail Leasing at Plantation Walk
The team of Steven Henenfeld and Rafael Romero will oversee leasing and marketing efforts of approximately 200,000 square feet of retail space at the 32-acre mixed-use development.
Tampa Office Park Trades for $20M
The Cushman & Wakefield team of Mike Davis, Rick Brugge and Michael Lerner represented the seller in the transaction. The new owner selected the firm as the exclusive leasing agent for the property.
Food Hall Opens at St. Louis Office High-Rise
Following a $2.5 million renovation of One Metropolitan Square’s ground floor, three restaurants have begun operations at the 1 million-square-foot office tower.
Economy Watch: US GDP Slows in 4Q
GDP growth was slower than in the second and third quarters of 2017, but still finished off the year above 2 percent.