News
Home2 Suites by Hilton Debuts in Fort Worth
The new Home2 Suites By Hilton hotel features 93 suites and is located a mile from the Cityview Centre I retail and dining complex. Fort Worth Southwest Cityview is owned and managed by Lotus Lodging Fort Worth LLC.
Economy Watch: Washington State Has Healthiest Economy
A recent WalletHub report ranked the 50 states based on economic health, which affects commercial property growth. Washington state took the top spot, followed by California, Utah and Massachusetts.
Three Companies Ink Subleases in Fort Lauderdale
Health insurance provider Garrett Laughlin will relocate from its current home on East Broward Boulevard, while auto parts seller WBR Group and law firm Adams and Reese will open their first offices in the city.
Philly-Area Office Trades, Lands $45M Financing
HFF’s investment sales team reeled in a buyer for Valley Creek Corporate Center, then the firm’s debt placement team secured acquisition funds for the Pembroke-Ten Capital joint venture through Barclays Capital.
CBRE to Buy Majority Stake in Caledon
Caledon manages some $7 billion of assets for institutional investors through a combination of direct investments and primary funds. Closing is expected to occur later this year, subject to regulatory approval and other customary closing conditions.
Vail Closes Vermont Mountain Resort Acquisition
Stowe became Vail’s first-ever resort on the East Coast and its 13th overall ski property. The asset is forecast to bring in more than $5 million in revenue during its first 12 months of operation, following the acquisition.
Foster + Partners Opens Dubai Office
With projects like the Index and two new Apple stores, the company’s new office will provide a regional base for the practice to serve clients in the UAE.
River City Chosen for Spec Office Development
The Rebkee Co. and developer Serabi are in the early stages of a plan to raze an existing warehouse at 949 Myers St. If plans are approved by the city, a 63,800-square-foot, three-story office building will rise on the site of the former Interbake Foods property.
Lee & Associates Arranges Sale of Van Nuys Film Studio
Esh Holder acquired the property for around $8.8 million in the tight Van Nuys submarket, which has an industrial vacancy rate below 1 percent.
$30M Dignity Health MOB Underway in Sacramento
Panattoni Development Co. is developing a 68,000-square-foot health facility in Citrus Heights, Calif. The project is slated for completion by spring 2019.