News
NorthMarq Capital Buys SLC Mortgage Banking Firm
The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq’s 37th office.
BofA Scores Naming Rights for Skanska’s Capitol Tower
The anchor tenant signed a 210,000-square-foot lease in April, covering six and a half floors. The lease features both office and 5,000 square feet of dedicated retail space.
Homewood Suites Comes to San Diego’s Hotel Circle
Developed and owned by T2 Hospitality, the property brings 245 suites with fully equipped kitchens to Mission Valley and is managed by Evolution Hospitality.
Economy Watch: U.S. Population Still Graying
The median age of the U.S. population rose from 35.3 years in April 2000 to 37.9 years in July 2016, according to new Census Bureau population estimates. A shift that will affect demand for retail and residential real estate.
Square Mile Capital Makes Executive Changes
Craig Solomon, who co-founded the company back in 2006, will be responsible for managing all aspects of the firm’s business and investment activities.
Natixis Provides $35M Financing for Retail Center Acquisition
Colliers International arranged the financing used for the purchase of a 276,333-square-foot shopping center in Arlington Heights, Ill. The loan will be granted in two tranches.
Leasing Begins at Chicago’s SixForty High-Rise
The 23-story, 250-unit tower will offer a mix of luxury residential and retail space and will be completed in September 2017. This is the second joint project for JDL Developments and The Habitat Co.
Downtown Boston Asset Trades for $63M
Colliers International will be in charge of identifying and securing suitable retail and office tenants for DTX 399. The property has been vacant for 10 years and will undergo a major facelift this summer.
SFO Grand Hyatt Hotel Takes Off
Construction has begun on the 351-key on-airport luxury hotel. The $237 million project is slated for completion in July 2019.
CBRE Taps Central Valley Industrial Senior VP
Bringing 28 years of industry experience, Robert Taylor focuses on facility optimization, supply chain logistics and solutions analysis, incentives, warehouse/distribution and capital markets within this submarket.