News
Hilton Opens First Property in Lake Como Region
The hotel is the largest in the Italian resort area. Featuring 170 keys, the building offers upscale accommodations, including several suites with lake views.
DAUM Arranges Sale of OC Industrial Facility
The company arranged the $32.6 million sale of a newly built, 181,069-square-foot asset on behalf of the buyer, Independent Trading Co.
Berkadia Secures $136M Financing for 2 FL Properties
The Yard at Ivanhoe is a mixed-used project in Orlando, being developed by Real Estate Inverlad, while Grand Boulevard Sandestin is a 469,000-square-foot town center located in Miramar Beach.
PitchBook Signs 34 KSF Midtown Manhattan Lease
PitchBook will occupy two floors in Columbia Property Trust’s 20-story office building, bringing the asset’s occupancy level to 84 percent.
Economy Watch: Inflation Modest in December
Rising rents and health care costs were the main drivers in December’s inflation increase, which was the largest since January 2017, according to the Bureau of Labor Statistics.
Sector on the Mend in Houston
The metro’s office market has grown substantially in recent years, but faces a few challenges, such as the ongoing recovery from the drop in oil prices, a sometimes-unconstrained development pipeline, as well as the effects of Hurricane Harvey.
Hudson Pacific to Sell 4 Office Assets for $255M
Different buyers will purchase the properties, which are located in premier markets in Northern and Southern California. The proceeds will go toward value-add acquisitions.
DTLA Creative Campus Lands $122M Financing
George Smith Partners and Dekel Capital arranged the equity-and-debt package for Urban Offerings and ESI Ventures. The sponsors will use the proceeds to develop a 250,000-square-foot Class A project in the city’s Fashion District.
MetLife Investment Lines Up $73M Refi for Manhattan Office
ATCO Properties & Management is using the loan to recapitalize its 18-story building at 240-246 West 35th St. in the Garment District.
High-Tech Products for Safety, Efficiency & Effectiveness
Smart appliances and devices are the 21st-century feng shui. It’s not just about modern design but also functionality.