News
Investor Outlook Shows Confidence, Concern: Marcus & Millichap
Respondents to a recent survey remain largely bullish on the economy and industry fundamentals, yet they are also watching for clear policy signals from Washington, D.C. Industrial values are considered most likely to rise.
New Luxury Boutique Hotel Coming to Chicago
SOPHY will be located in Hyde Park and will operate under The Olympia Cos. The hotel is expected to offer 98 rooms, a bar, a restaurant and a fitness center.
Home2 Suites by Hilton Houston Webster Now Open
The 91-key hotel is located in close proximity to NASA Johnson Space Center, Challenger Seven Memorial Park and Galveston Island.
Economy Watch: Data Centers Stay Red-Hot
Construction jumped 43 percent year-over-year during the first half, according to JLL, and big changes are in store during the next few years: artificial intelligence, automation and enhanced energy efficiency.
Anchors Away! The Good News About Big-Box Closings
Why the departure of a department store can present a golden opportunity—and how to make the most of it.
Compass Self Storage Expands Portfolio With NC Asset
Separate affiliates of Amsdell Group LLC and Compass Self Storage LLC purchased a 70,000-square-foot self-storage facility in Whitsett, N.C. This is Compass’ fourth property in the state.
Premier Realty Nabs San Diego Office
Fenway Properties bagged $16.3 million for Wateridge Pavilion. Premier Realty Holdings Inc. plans to occupy space at the 62,427-square-foot purchased asset.
Level 3 Takes DoubleTree Irvine-Spectrum to Another Level
The 252-key property owned and operated by Pacific Hospitality Group remained operational through the 75-day renovation. Kay Lang + Associates developed the project scope.
Baltimore LEED Gold Certified Asset Changes Ownership
The buyer already owns more than 3 million square feet of space located across the state of Maryland, with some 825,000 square feet concentrated within the Towson/Timonium submarket of Baltimore County.
Salem Sells Flagship Walgreens in Hawaii
A Korean investment firm purchased the retail asset for $42.3 million. Salem is pursuing entitlements to redevelop the adjacent site to the store into a hotel/condominium project.