News
Wyndham to Buy AmericInn Brand for $170M
The transaction includes 200 franchised hotels, as well as management company Three Rivers Hospitality. The portfolio totals 11,600 rooms and a pipeline of 23 projects.
One Capital Management Relocates HQ
The company leased 9,000 square feet of office space at Phase II of Westlake Park Place in Westlake Village, Calif. The office campus comprises more than 450,000 square feet.
SoCal Industrial Park Commands $211M
The six-building campus in Rancho Dominguez is 99 percent leased to 23 tenants. Situated adjacent to the Alameda Intermodal Corridor, the property offers access to five major freeways.
Calare Properties Buys Warehouse, Secures Medical Marijuana Lease
The new owner acquired the industrial property in Littleton, Mass., and inked a 10-year lease with Premier Health Group LLC, an affiliate of a non-profit that provides organic medicinal marijuana to qualified patients.
New Product, Densification Impacting Manhattan CRE: C&W
Cushman & Wakefield’s top tri-state executives and brokers discussed the evolving retail sector and how it’s intersecting with industrial, the positive and uncertain aspects of New York City’s real estate market and more at the firm’s recent mid-year outlook presentation.
Waypoint Acquires 288-Unit Student Housing
The company plans to redevelop the student housing into conventional apartments. Renovations will be made to the unit interiors, as well as to the exterior.
JLL Announces New Promotions in Philly Office
Mike Morrone has been named market director for the company’s Philadelphia office, while Tony Juliano will begin operating as JLL’s COO.
Economy Watch: Architecture Billings Start Summer Off Strong
June marks the fifth consecutive month of design revenue growth for architecture firms, according to the American Institute of Architects’ latest Architecture Billings index.
Feldman Arranges New Lease at Tampa Office Tower
The new tenant will relocate its headquarters later this year and will occupy the 18th floor of the office building which is currently under renovation.
Former IBM Building Secures New Tenant
Expanding its New York operations, law firm Greenspoon Marder has leased some 25,000 square feet of space at 590 Madison Ave. The property is currently 80.5 percent occupied.