News
Kor Group, Goldman Sachs Team Up for LA Hotel Buy
The 250-key Custom Hotel is the only lifestyle boutique near Playa Vista and Los Angeles International Airport. The companies have two other hotels in the pipeline, scheduled to open in 2019.
George Smith Adds 2 VPs
Allison Weiss will oversee recruitment nationwide, while Dana Light will focus on researching responsible lenders and lending programs, as well as event management.
DOI Signs Major Lease at 180 Maiden Lane
Clarion Partners and MHP Real Estate Services have signed the New York City’s Department of Citywide Administrative Services to a 276,000-square-foot lease, making the department the building’s largest tenant.
Savills Studley Welcomes New Director in Atlanta
With more than a decade of commercial real estate experience, Brian Boyd will focus on enhancing the firm’s consultative capabilities in the region.
Mitsui Fudosan Buys Stake in $3.6B Hudson Yards Project
The Japanese developer will take a 90 percent stake in 50 Hudson Yards on Manhattan’s Far West Side. The deal follows its 2014 acquisition of the nearby 55 Hudson Yards tower.
Rents Rise Despite Surging Deliveries in Denver
Growth has cooled since the metro was among the nation’s leaders in appreciation, but rents are now increasing at a more sustainable pace.
Carlyle Group Snags $85M for San Jose Campus
The company has secured the five-year, floating-rate loan to refinance 4300 and 4400 North First St., two Class A office buildings situated in the Innovation Triangle submarket of Silicon Valley.
Dominguez Sells LA Office-Medical Asset for $49M
Newmark Knight Frank represented the company in the disposition of Madrona Business Campus, a 211,400-square-foot property in Torrance, Calif.
First TN Blackberry Resort in 40 Years Breaks Ground
The 5,200-acre property is expected to welcome its first guests in 2018. The project features six cabins, 13 cottages and multi-bedroom homes, as well as two new restaurants.
Compass Appoints New CFO
Craig Anderson joins Compass following David Snider’s surprising return to Bain Capital. Anderson previously held senior roles at Flywheel Sports and Blackstone.