News
Short Stays: Why Temporary Rentals Are Becoming a Permanent Solution
The number of freelancers, temps, independent contractors and entrepreneurs is on the rise. According to the U.S. Bureau of Labor Statistics, such individuals will constitute 40 percent of the workforce over the next five years, up from 30 percent today.
Ground Breaks on $224M Hotel in Portland
The new Hyatt Regency will bring 600 guestrooms and 32,000 square feet of meeting space directly across the street from the Oregon Convention Center.
Renesas Electronics Inks 216 KSF Lease in Milpitas
In one of Silicon Valley’s largest transactions this year, the company agreed to expand its premises to include all of 915 Murphy Ranch Road at Murphy Crossing.
Skanska Invests $56M in Poland
Construction on the first phase of the Nowy Rynek office and retail development started in July 2017 and is slotted for completion in the second quarter of 2019.
Steady Growth Cultivates Building Boom in Columbus
Rents are escalating due to steady employment gains and net in-migration, driven by activity associated with Ohio State. Average rent reached $876, well below the national figure of $1,316.
Hilton Opens 139-Key Charleston Peninsula Hotel
Tara Investments developed, owns and manages the Homewood Suites by Hilton Charleston Historic District. The property features 3,000 square feet of flexible space for meeting and social events.
Hollywood Mixed-Use Asset Changes Hands
A New York City-based private investor acquired a 7,000-square-foot retail and office building in Hollywood, Calif. At the time of sale, the property was fully leased.
Canopy by Hilton Tops Off Portland Pearl District Hotel
The 10-story development includes 153 guest rooms, 2,800 square feet of event space and Canopy-signature amenities. This hotel marks the second Canopy by Hilton in Portland.
MMEX Resources Acquires 126 Acres for Refinery Project
The land site is located near Fort Stockton in Pecos County, Texas and will house the 15-acre, Phase I 10,000 barrel-per-day crude distillation unit.
Park Hotels to Relocate HQ
The company will take up 31,000 square feet of office space in the first LEED Platinum-certified building in Tysons, Va., located just down the street from their current location.