News
JV Acquires $133M IN Office Park
Strategic Capital Partners and Rubenstein Partners purchased the 19-building Precedent Office Park, which comprises 1.1 million square feet across single-, two- and multi-story properties.
Sunstone Sells 2 Marriott Hotels for $139M
As of today, Sunstone has interests in 25 hotels comprised of 12,450 keys, operating under nationally recognized brands such as Marriott, Hilton and Hyatt.
Economy Watch: Retail Sales Gain Ground in December
Compared to a year ago, retail sales were also up in almost every category, with department stores even eking out an annual gain, the Census Bureau reported.
Environmental Standards HQ Sells for $7M
The single-tenant building, located 25 miles northwest of Philadelphia, was expanded in 2013 to include more than 30,000 square feet.
Multiplex Lands $1B Australia Hospital Contract
The Sydney-based contractor will spearhead the construction of the 1 million-square-foot anchor building at Westmead Redevelopment in New South Wales. Upon completion, the 12-story facility will be the tallest hospital building in Australia.
Art Basel Boosts Miami Hospitality
Founded in 1970 in Switzerland, the Modern and contemporary art fair landed in South Florida in 2002. It has improved hospitality demand, CBRE research shows, with unprecedented increases recorded in December 2017.
Vista Grows Silicon Valley Footprint With $113M Purchase
Cushman & Wakefield’s Northern California team marketed the property on behalf of the seller, The Carlyle Group.
Lowe Snags 26-Building Industrial, Office Portfolio
The properties were constructed between 1954 and 2008, and many of the buildings have been upgraded and expanded over the years.
Ventus Group to Develop $300M Mixed-Use Project
The 4.4-acre project will consist of 408 residential units, approximately 74,000 square feet of commercial space and a 298-key hotel. The residential component will also include 82 affordable units.
T5 Adds Second Tenant to Chicago Facility
Two tenants have already occupied a major portion of the upcoming data hall expansion. The Chicago metro features low data center vacancy rates, while more enterprises seek to migrate IT operations to specialized, purpose-built facilities.