News
TCC, Meadow Partners to Redevelop Building Near the White House
The companies have joined hands to purchase an 80 percent condominium interest in the Motion Picture Association of America Building. The MPAA has retained a 20 percent interest in the building and will occupy two of the eight floors once the asset is completed in 2019.
Boutique Thompson Hotel And Condos Planned For The River Walk
The Arts Residences at the Thompson Hotel, a 20-level mixed-use tower encompassing 66 luxury condominiums, is slated to break ground this summer.
Transwestern Brokers Leases at Walnut Creek’s Lyric
Bank of the West and Drybar have inked leases for a combined 4,500 square feet at a mixed-use development managed by Berkshire Communities, which is slated for completion by fall.
San Diego-Area Grocery-Anchored Center Trades for $42M
HFF represented the seller, a partnership between Brixton Capital and ALTO Real Estate Funds, which sold the property to an affiliate of American Assets Trust Inc.
Real Estate 2.0: Data on the Move
Paul Doherty of the digit group discusses ways in which technology is changing how real estate operates and what impact these new systems have on the industry.
Economy Watch: Fed’s Beige Book Sees Continued U.S. Economic Growth
Consumer spending appears to be rising across a majority of districts, led by increases in non-auto retail sales and tourism, which bodes well for retailers and hotels.
Historic Coronado Hotel Joins Curio Collection
The 757-key property, often referred to as The Del, recently celebrated its 130-year anniversary. The resort is now part of Hilton’s flag of hand-picked destinations.
Avison Young Brokers Sale of New Dallas Industrial Facility
The distribution center developed by Altera Development Co. is now owned by an affiliate of Lexington Realty Trust. O’Neal Industries Inc. signed a long-term lease on the property.
Downtown Miami Industrial Asset Sells for $37M
The 109,637-square-foot property serves as a last-mile warehouse and retail packaging center for FedEx. The company recently extended its long-term lease.
Brooklyn Reuse Project Receives $150M Bridge Loan
Glacier Global Partners and Triangle Assets landed the short-term financing for 10 Jay St., an 1890s building at the entrance of the newly developed 85-acre Brooklyn Bridge Park.