News
Natixis Scores $39M Loan for Hyatt Acquisition
The Excel Group received a $39 million loan for the acquisition of 200-key Hyatt Place Washington DC/US Capitol, located in the NoMa neighborhood of Washington, D.C.
NKF Adds LA Managing Director
Alex Bergeson specializes in landlord agency office leasing, tenant representation and investment sales. He joins from CBRE, where he managed a 1.5-million-square-foot office portfolio.
Chicago’s Ashland Wellington Plaza Sells for $10 M
Marcus & Millichap represented both the seller and the buyer in the trade of the 19,979-square-foot retail center. The facility is shadow anchored by a Jewel Osco.
Aldi Plans $3.4B Growth Spurt
The German discount grocery chain intends to open 900 additional locations in the U.S., increasing its footprint to 2,500 stores by 2022.
CBRE Secures 1031 Exchange Buyer for LA MOB
The 18,984 square-foot property changed hands for $5.4 million and is fully leased on a long-term basis to Avanti Hospitals.
Boston Revitalization Project Moves Forward
A $1 billion plan will bring 2.3 million square feet of mixed-use, transit-oriented development to Somerville, Mass., over the next two decades.
EY Taps Grinis to Lead Real Estate Practice
A 30-year veteran of the global consulting firm, Grinis will oversee a 15,000-member team that serves some 6,000 clients. He succeeds Howard Roth, who will retire on June 30.
Newmark Unveils New Name, Eyes IPO
Dropping “Grubb” from its corporate handle, the services firm has rebranded as Newmark Knight Frank. Its parent company, BGC Partners, is planning to spin off the real estate services unit in an IPO in the fall.
Don’t Count the Regional Mall Out: Transwestern
A new report aims to debunk the supposed demise of the regional mall, and sheds light on strategies for both reinventing retail assets and boosting traditional brick-and-mortar.
Paramount Lands $300M Refi for Manhattan Asset
The REIT engaged Eastdil Secured to arrange the financing for 712 Fifth Ave., a 52-story, 543,000-square-foot Class A office tower in the Plaza District.