News
Industrial Boom Has Room to Grow
Three developers shared their perspectives on why the sector is in such high demand and what the potential risks are to the property type, at the 2017 ULI Fall Meeting in Los Angeles.
Apple Hospitality Acquires Two Marriot Hotels
Purchased for $81 million, both Residence Inn assets feature a total of 315 keys. The transaction brings the company’s portfolio to 238 hotels, with more than 30,000 keys.
San Diego Luxury Hotel Lands $85M Bridge Financing
Located in the city’s historic Gaslamp Quarter, the 317-key property is close to the San Diego Convention Center and Petco Park.
Why Columbus Is Attracting Data Centers
According to the latest CBRE report on data centers, Columbus has evolved from a location of choice of many corporate enterprise data centers to one of the world’s top locations for internet cloud operations. Doug Godard, senior vice president of CBRE Data Center Solutions, expands on how the metro managed to get on investors’ radar in the past 10 years.
Economy Watch: GDP Growth Consistent in 3Q
Real GDP growth hit 3 percent in the third quarter, according to the Bureau of Economic Analysis, driven by increases in personal consumption expenditures, private inventory investment and other factors.
$58M Sourced to Refi South Florida Retail Portfolio
MMG Equity tapped HFF to find the lender, a life company, for a nine-property portfolio. The properties are located in urban infill areas in what reportedly are some of South Florida’s densest retail submarkets.
NAI Tapped to Lease New Atlanta-Area Industrial Asset
Prologis’ property, which is slated to come online by the end of 2018, is located just off Interstate 285 and will offer 245,000 rentable square feet.
DoubleTree by Hilton Debuts in Hollywood, FL
The property is located on the Intracoastal Highway, just across the street from Hollywood Beach, and includes 311 guestrooms and suites.
Brennan Nabs 1.2 MSF Philly-Area Industrial Portfolio
The collection of 26 light-industrial buildings, located in Moorestown and Burlington, N.J., had belonged to Mack-Cali Realty Corp. and were purchased without mortgage financing.
CBRE Arranges HQ Relocation for NEC Display Solutions
The company will leave its Itasca office for a larger space in Downers Grove, Ill. The new facility will include a showcase and demo section and a research and development lab.