News
Downtown Atlanta Office Asset Commands $50M
The CBRE team of Justin Parsonnet, Jay O’Meara, Will Yowell and Ryan Reethof worked on behalf of the seller in the transaction.
CBL Properties Redevelops Central IL Mall
A number of new tenants have committed to the redevelopment, including fashion retailer H&M along with Planet Fitness and Outback Steakhouse.
NAIOP Arizona Appoints Chairman of the Board
In his new role, Andrew Cheney will contribute to the organization’s 2018 mission to provide educational opportunities, oversee public legislature initiatives and promote networking events. He will also support NAIOP’s Developing Leaders program, which he helped found.
Economy Watch: Hiring Less Robust in December
Despite lower overall job creation, employment gains occurred in industries that support real estate space absorption, such as health care, construction and manufacturing.
LST Marketing to Relocate Dallas Branch
The marketing company will move its local office from Far North Dallas to Uptown/Oak Law as early as this spring.
Aztec Group Secures $20M Loan for FL Boutique Hotel
The firm worked on behalf of Newgard Development Group. The financing will be used for the construction of The Gale Boutique Hotel, a 96-key lodging project in Fort Lauderdale.
ARA Goes Shopping in Twin Cities
The newly constructed property is located close to downtown St. Paul and downtown Minneapolis and includes retail space and a medical business center.
Avison Young Brokers 638 KSF Chicago Industrial Deal
The three assets making up the portfolio are located in Arlington Heights and Bridgeview, Ill., and were sold by a Chicago-based institutional pension fund advisor.
Scannell Properties Nabs 18-Acre Parcel in North Charlotte
HFF facilitated the $1.5 million sale. Scannell plans to build a 150,000-square-foot industrial flex building on the site, which is located in a 2.6 million-square-foot, master-planned community.
Broe Real Estate Snags CO Asset
Located at 2452 Clover Basin Drive, the 461,000-square-foot business campus was renovated and expanded in 2001 in conjunction with a long-term lease with Seagate Technology.