News
New Shangri-La Hotel Opens in China
Shangri-La Hotels and Resorts opened a new hotel in Xiamen, China. The 22-story property offers 325 guest rooms.
CBRE Taps New Executive Managing Director
Following John Germano’s retirement in December, Kyle Schoppmann will take up the executive role, bringing more than 20 years of experience in sales strategy, training and professional development.
JLL Brokers Montreal Self-Storage Portfolio Sale
The Canada facilities, totaling nearly 169,000 square feet and featuring more than 1,300 climate-controlled units, were acquired by Montreal Mini-Storage Group.
AC Marriott Hotel En Route in Downtown Phoenix
Following multiple renovations and additions to the iconic Arizona Center, Parallel Capital Partners have contracted a developer to build an AC Marriott Hotel at the mixed-use project.
Uber Capital Group Finances Nebraska Retail Asset
The Conestoga Mall is known as the largest mall between Lincoln, Neb., and Denver. The property has more than 60 tenants, including Best Buy, Dillard’s, JC Penny, AMC Theatre and others.
480-Unit Lone Star State Self-Storage Facility Changes Hands
The Texas City property is strategically situated near Emmett F. Lowry Expressway, a major transit corridor. Strategic Storage Trust IV was the buyer.
NAI Hiffman Negotiates New Leases at IL Office Building
Once the new tenants move into their new offices, the 271,000-square-foot Butterfield Center in Lombard will be approximately 99 percent occupied.
103 KSF Industrial Asset Trades in Greater Boston
Calare Properties has acquired a vacant building in Canton, Mass., and is planning to implement a capital improvements program to bring the asset to market standards. JLL will spearhead leasing efforts.
JV Snags 232 KSF Dallas Office Building
Red River Asset Management sold Hidden Grove in Dallas to a joint venture between Reserve Capital Partners and Trinity Private Equity Group.
Ft. Lauderdale-Area Office Building Lands 89 KSF Tenant
Cresa Managing Principal Alexander Brown worked on behalf of the healthcare tenant in the lease negotiations with landlord TA Realty.