News
Colorado Office Center Finds New Owner
The Church Ranch Office Center in the Denver submarket of Westminster was purchased by a private equity firm. HFF marketed the property on behalf of a special servicer.
Cachet to Open First NYC Hotel
Dubbed the Cachet Boutique NYC, the 105-key hotel was developed in partnership with Merchants Hospitality Group. The hotel is steps from Chelsea, Hell’s Kitchen and the soon to be open Hudson Yards.
Vornado Completes $500M NYC Refi
The 40-story office building is located in Midtown Manhattan at 330 Madison Ave. It’s the fourth Manhattan asset the REIT or an affiliate has refinanced in the last eight months.
TA Realty Sells $202M Mid-Atlantic Industrial Portfolio
The properties are situated within the states of Maryland and Delaware. The company worked on behalf of Realty Associates Fund VIII and Realty Associates Fund X.
Blackstone Buys Clarion Events
Established in 1947, the London-based event organizer boasts roughly 950 employees in 13 offices across the globe. The transaction includes an option for Clarion to reinvest part of the disposition proceeds into the events company.
Park Assist: Guiding Users to Available Parking
The technology digitally monitors spots in parking garages and alerts drivers in real time, which maximizes usage and improves traffic flow.
Strong Development Softens Demand in Portland
As the metro’s economy continues to thrive and the area adds residents at double the national rate, there is no shortage of large multifamily projects.
Bridge Development Delivers Bridge Point I-95
The new business park in Fort Lauderdale, Fla., is 77 percent pre-leased to brands such as Floor & Décor, Broward Motorsports and U.S. AutoForce.
CBRE to Manage, Lease Miami Beach Asset
The mixed-use building recently changed hands, with CBRE Global Investors and Universal-Investment purchasing the property on behalf of Bayerische Versorgungskammer.
CBRE Brokers Sale of Miami Lakes Retail Center
Anchored by Office Depot, the property is 98 percent leased to a variety of tenants including TD Bank and Chick-Fil-A.