News
Lee & Associates Appoints New NYC Executive
Mitchell Salmon has stepped up as the firm’s newest executive managing director for the New York City area, bringing valuable expertise in the retail and office sectors.
New York REIT to Sell NYC Office Tower for $255M
The agreement to sell the 345,000-square-foot building at 333 W. 34th St. to Brookfield marks yet another step forward in the REIT’s plan of liquidation.
Suning to Boost Online, Offline Retail
Evergrande, China’s leading property developer, will provide commercial facilities to the company, which is planning to add 5,000 physical stores with connections to its online presence by 2018.
NFR Sells $40M Portland-Area Office Building
The sale marks the final transaction and investment exit of a 3.6 million-square-foot portfolio comprising 41 office and retail buildings located across nine states.
Boston-Area Office Portfolio Lands $23M Refi
Working on behalf of KS Partners, Washington Trust secured $22.5 million in financing for a three-building flex/office portfolio in Newton, Mass.
10 Federal Grows NC Self-Storage Portfolio
The company has expanded its footprint with the acquisition of Superior Self-Storage, a 18, 825-square-foot self-storage facility located in Asheboro, N.C.
Kronos HQ in MA Trades for $12M
The property is situated along the busy Route 129 corridor and will serve as an administrative building for the buyer, Digital Federal Credit Union.
Stellar September Showing Lifts US Hotels to New Heights
Figures for occupancy rate, average daily rate and revenue per available room over the first nine months of the year illustrate the resiliency and strength of broad economic trends driving travel and hotel performance, according to hotel data firm STR.
Praedium Acquires ATL Community
Reserve Decatur is situated in a prime development area, at 2600 Milscott Drive, near the Emory/Clifton corridor.
CBRE Brokers Sale of Nashville Suburb Landmark
The 28,357-square-foot historic bowling building in Madison, Tenn., traded for $2 million. CBC Ltd. sold the property to Frank May, a buyer represented by Benchmark Realty.