News
New Homewood Suites by Hilton Opens in Aurora, IL
The 146-key extended-stay hotel is part of the Meridian Business Park. Sun Development and Management owns the asset that offers a combination of studio, one- and two-bedroom accommodations, with separate living areas.
Clark Construction Leads $608M San Diego Mixed-Use Project
With the help of HKS Architects, the company will bring to life the North Torrey Pines Living and Learning Neighborhood, a 10-acre project that will include 2,000 beds, academic buildings, research facilities, and more.
Fifth Avenue Tower Lands $200M in Financing
Groundbreaking is scheduled for 2018, three years after Ceruzzi Holdings and SMI USA acquired the New York City development site for $275 million from Thor Equities.
Kimco Buys $132M Portland Shopping Center
The purchase of the 746,000-square-foot Jantzen Beach Center fits the REIT’s strategy of upgrading its portfolio with key purchases.
RAF Kicks Off $110M in Spec Industrial Projects
The buildings will include creative features such as outdoor amenity areas, extensive glass for natural lighting and an overall higher percentage of office space compared to traditional industrial facilities. Delivery is expected in 2018.
Hard Rock Unveils $2.3B European Resort Plans
Set to be one of the largest such destinations on the continent, the development will house a combination of hotel, convention, entertainment, dining and shopping areas across eight million square feet.
Alexandria to Develop 1 MSF Research Triangle Mega Campus
The center will be adjacent to the company’s 6 Davis Drive. The project will begin with the redevelopment of the Cornwallis site into 175,000 square feet of office, laboratory and greenhouse facilities.
Indianapolis Industrial Portfolio Changes Hands
The two multi-tenant, fully leased assets totaling 480,000 square feet traded with help from Avison Young’s National Industrial Capital Markets Group.
Marcus & Millichap Brokers Tampa-Area MOB Sale
Marcus & Millichap represented both the seller and the buyer of the 18,708-square-foot property in Riverview, Fla., which traded for $7.2 million.
JLL Arranges NW Houston Industrial Lease Renewal
LSI Industries Inc. extended its lease at Prologis Park–West by Northwest, in a transaction represented by JLL’s Executive Vice President Jeff Venghaus.