News
600 Congress in Austin Has a New $7M Lobby
Endeavor Real Estate and Rios Clementi Hale Studios finalized the revamp of the lobby. The $7 million investment materialized into new facings on interior retail, bike storage and a fitness center.
Westover Buys Suburban Philly Retail Center
Gilbertsville Shopping Center is located in an area with good exposure. The Weis-anchored asset was 95 percent leased at the time of the transaction.
Hilton Opens Dual-Branded Hotel in Tempe, AZ
The 228-key property is situated along Route 101, close to the Arizona State University Research Park, which hosts companies such as Amazon, Digital Realty and GoDaddy.
Empire State Inks Full-Floor Lease at NYC Property
CBRE represented Universal Music Group in the lease negotiation for 26,150 square feet at 250 West 57th St. in Manhattan.
Waldorf Astoria NY to Undergo Major Renovation
The upgraded hotel will feature restored public and event spaces, 350 new guestrooms and suites, as well as 350 residences. Architectural firm Skidmore, Owings & Merrill and interior designer Pierre Yves Rochon were tapped to design the new space.
Economy Watch: Retailers to Try New Strategies for Holiday Season
Mobile technology will play a more prominent role than in past years, as retailers seek new ways to generate sales and collect strategic data, according to a new CBRE report.
Brookwood Buys SW Florida Office Portfolio
The new owner of the 15 buildings plans substantial investments in the properties. The assets are located in Fort Myers and Bonita Springs.
Hines JV Plans 270 KSF Timber Office Project in Chicago
The company has teamed up with Diversified Real Estate Capital and Big Bay Realty to build T3 Goose Island, the city’s first wood-structured office development since the 1800s.
Coldwell Banker Commercial: Brick-and-Mortar Stores Still Desirable
Forty-seven percent of the survey’s respondents indicated that they favor shopping in stores over buying online. Participants also expressed their loyalty to small businesses and penchant for boutique stores.
Orlando MOB Changes Hands
Situated on a 1,6-acre site in the south Orlando submarket, Royal Oaks Medical Plaza recently changed hands. Transwestern arranged the transaction.