News
Savills Studley Adds Tenant to Atlanta’s Century Center
The Council of State and Territorial Epidemiologist will relocate its national headquarters to the FBI’s former Atlanta office in August 2018.
DHC Snags San Jose Holiday Inn Hotel
The new owner plans to complete a $15 million renovation of the Holiday Inn San Jose-Silicon Valley, a 354-key hotel located about one mile from San Jose International Airport.
HFF Brokers Grocery-Anchored Retail Sale in MD
Totaling 87,006 square feet, the North East Station shopping center is located between Philadelphia and Baltimore and anchored by Food Lion.
Emerald Hospitality Nabs Orlando Hilton Hotel
Hilton Garden Inn Orlando East / UCF Area hotel represents Emerald Hospitality Associates Inc.’s 24th acquisition. The 122-key hotel underwent a $2 million renovation in 2014.
Choice Hotels JV Opens NC Location
The 136-key Cambria Hotel Downtown Asheville features one- and two-bedroom suites, as well as 8,000 square feet of meeting space.
Economy Watch: Record Number of Americans to Travel for Holidays This Year
This year marks the ninth consecutive year of rising year-end holiday travel, with 2017 volume set to be the highest year-end travel volume on record, according to AAA.
2nd Phase of Ballpark Village in St. Louis Breaks Ground
The 700,000-square-foot mixed-use development is planned to contain apartments, Class A office space, a hotel and street retail and is expected to open in 2020.
Newly Designed JFK-Based Hotel Tops Out
The redeveloped TWA Hotel is on track to open at John F. Kennedy International Airport in New York in early 2019. Special features will include a Jet Age and mid-century museum, as well as the world’s largest lobby.
RLJ Sells Luxury Boston Hotel for $170M
The historic Fairmont Copley Plaza, which dates back to 1912, sold for $444,000 per key, representing a 4.6 percent cap rate on the hotel’s 2017 NOI.
Apple Manufacturing Fund Awards $390M in Texas
Finisar received the financing from the tech giant’s new $1 billion fund for the redevelopment of a 700,000-square-foot manufacturing plant in Sherman, where the optical communications components provider will produce high-tech vertical-cavity surface-emitting lasers.