News
Maryland Mixed-Use Asset Scores First Sale
The Sylmar Corp. disposed of the Clock Tower Place, a retail and office building located in Annapolis, Md. for $10.3 million. The building was 98 percent leased to 21 different tenants at the time of the transaction.
NYC Benchmarking Law Tracks Energy Efficiency
Starting with 2018, owners of buildings measuring 25,000 square feet and larger need to submit reports to EPA’s Energy Star Portfolio Manager.
Remington Corporate Center’s Final Unit Changes Hands
NAI Hiffman closed on the sale of the last 2,147-square-foot office condominium part of the 63,000-square-foot multi-unit property in Bolingbrook, Ill.
Suburban DC Mixed-Use Development Lands Refi
The refinancing of Westphalia Town Center—a mixed-use development in Prince George’s County—allows the company to continue developing the project and preparing land for commercial and retail uses.
Remodeled Holiday Inn Debuts in Arkansas
InterContinental Hotels Group completed a multi-million dollar renovation of the 150-key Holiday Inn Presidential Downtown Little Rock. The property features 5,000 square feet of meeting space.
Olive Hill to Redevelop Silicon Beach Office Campus
The redevelopment program will focus on creating new amenities, such as a new gym, a food truck loading zone and a bocce ball court. Olive Hill Group will also rebrand the two-building asset.
Best Western Brand Tapped for Stratosphere, Aquarius Resorts
American Casino and Entertainment Properties chose Best Western’s BW Premier collection for the properties, which include Las Vegas’ tallest structure and a 1,906-key resort in Laughlin, Nev.
One Enterprise Center Commands $15M
The LEED Silver certified asset was 51 percent leased at the time of the sale. Transwestern’s John Bell worked on behalf of the seller in the negotiations.
Siemens Breaks Ground on $300M Manufacturing, R&D Facility
The expansion of the company’s existing 500,000-square-foot complex in Walpole, Mass., marks one of the largest single capital investments of Siemens Healthcare in the U.S.
LBA Hospitality to Launch 2 New Orlando Hotels
TownePlace Suites by Marriott Orlando at SeaWorld and Holiday Inn Express and Suites Orlando at SeaWorld are slated to open this summer.