News
JCR Capital Expands Denver Team
The company added Mark Fallon as director of business development. He brings more than 30 years of experience in business development and client acquisition.
Santa Ana Office Park Trades for $32.8M
Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. At the time of sale, the two-building, 185,245-square-foot property was 96 percent occupied.
NETSCOUT to Relocate to North Dallas Next Year
NETSCOUT will occupy a 145,000-square-foot office building in Allen, Texas, expected to open in summer 2018. The company will relocate more than 500 employees in the process.
IHG to Launch New Midscale Brand
The hospitality chain aims to address an underserved group of 14 million potential guests who are hungry for a high-quality yet competitively priced experience. Development costs are estimated at $85 to $90 per key.
Iron Gate Self-Storage Portfolio Changed Hands
The sale of the 1,466-unit portfolio was the largest self-storage transaction in Elkhart County, Ind. The six facilities have recently undergone improvements worth $1.1 million.
NAI Capital Welcomes LA Executive VP
Joseph Gabbaian specializes in sales, acquisitions and leasing of investment, user and redevelopment properties with a special emphasis on West Los Angeles and Santa Monica.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
Houston Office Tower Lands $164M Refi
JLL’s Tom Melody and John Ream procured the mortgage on behalf of the joint venture ownership, while Goldman Sachs provided the financing.
CBRE to Transform Atlanta’s 7000 Central Park
The 18-story office tower will undergo major upgrades and will join CBRE’s “5-Star Worldwide” program, a national network of top-tier office buildings.
Summit Closes $163M Portfolio Deal
Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.