News
110 KSF Industrial Asset Trades in Phoenix
SPIRE Real Estate Portfolios, through Nicola Crosby Real Estate, purchased Cabot Business Center in Phoenix. The buyer retained Kidder Mathews as property manager of the industrial/flex asset.
Binswanger Arranges Sale of 158 KSF Industrial Property
The Town of Double Springs, Ala., purchased the 19-acre site in order to assist with industrial recruitment and job creation for the area.
CBRE Expands East Bay Industrial Group
Kevin Hatcher joins as senior vice president of industrial and logistics in Oakland, Calif. He has more than 500 lease and sale transactions in excess of $3 billion under his belt.
DoubleTree Adds Hotel in Thriving NoVa Hub
Located within walking distance of Virginia’s largest shopping mall, the 168-key property is owned and managed by B. F. Saul Company Hospitality Group.
HFF Secures $10M Financing for NC Industrial Portfolio
Arrowridge Business Park consists of four rear-load buildings totaling 194,560 square feet of space. The portfolio is currently 98 percent leased to a mix of 26 tenants.
Domain Cos. Expands Into SLC With $110M Project
Construction of the pedestrian- and transit-oriented development, designed by KTGY, is anticipated to begin in fall 2018. The development hopes to help revitalize the downtown, bringing 412 mixed-income units, office and retail space.
Kimmerle Group Boosts Multigenerational Leadership
Robert Kimmerle, son of company founder & president George Kimmerle, has returned to the firm as chief financial officer. He brings more than a decade of experience in financial management and will focus on providing financial and consultative support.
Economy Watch: US Hotels to Grow at Slower Pace in 2018
Excess supply is a major reason why 50 of the 60 top markets CBRE Hotels’ Americas Research highlighted in the firm’s latest report are projected to see a declined in occupancy in 2018.
doTerra Expands Corporate Campus in Utah
The essential oils company continues its growth in Pleasant Grove with a new office building, a medical clinic and an expanded manufacturing facility. Plans also call for the creation of 950 jobs over the next three years.
NKF Adds Net-Lease Vets to Team
The company has appointed Ken Hedrick as executive managing director, while Jerry Hopkins and Andrew Ragsdale will become senior managing directors.