News
Avison Young to Lease The Edison Pembroke Pines
The third of TPA Group’s creative office campus concept will encompass two office buildings and a 5,000-square-foot central amenity structure.
Economy Watch: CPI Stable in June
The cost of energy declined again in June, falling 1.6 percent, which offset an increase for all items besides food and energy, according to a recent Bureau of Labor Statistics report.
GNL Appoints New CEO
Independent Director James Nelson will be replacing the current CEO Scott Bowman in August of this year. Nelson was elected as a member of GNL’s board in March of 2017 and serves on the nominating, governance and audit committees.
NoVa Office Tower Lands $250M Refi
The transaction includes a future funding facility of up to $70 million that Monday Properties can use to lease and upgrade the 580,000-square-foot building.
New Harley-Davidson Showroom to Open in Chicago
The company signed a lease for 10,000 square feet of retail space at The Addison & Clark development, across the street from Wrigley Field. The store will be operational in 2018.
Choice Hotels Picks New CEO
The lodging company’s selection of Patrick Pacious, president & COO, for the position marks the conclusion of a long-term succession planning undertaking.
Blackstone Sells Office Portfolio for $101M
JLL’s Capital Markets team advised the company in the transaction, which included three downtown Boulder, Colo., buildings totaling more than 216,000 square feet.
Dream Hotel to Debut Flagship Unscripted Hotel in Durham
The 74-key boutique hotel will open following a multi-million-dollar redesign and revitalization of the Jack Tar Motel. Austin Lawrence Partners collaborated with Dream Hotel Group on the project.
California Investor Acquires Michigan Office Property
Wilson Real Estate II sold the 30,760-square-foot building in Troy, Mich., to LSTC Michigan, marking the latter’s sixth commercial real estate acquisition in the Detroit area.
JLL Investment Co-Head Discusses Capital Markets
Tom Fish discusses the capital markets landscape, zeroing in on key players, prominent trends and competitive threats.