News
Mt. Pleasant Office Building Welcomes Tenant
The newly constructed property will serve as MTAG’s corporate headquarters while the company also maintains its operations in Vienna, Va.
Key International, LBA Hospitality Complete Gainesville Hotel Reno
Hampton Inn & Suites Gainesville-Downtown underwent a $2 million revamp. Key International purchased the asset last year for $27 million.
Construction Starts at Boston-Area Science Campus
King Street Properties unraveled the plans for the largest multitenant campus in Boston’s Waltham/Lexington submarket. The complex will comprise two laboratory and office buildings and a parking garage.
CIP Sells EconoLodge Hotel
Hotel Brokers International’s member Crystal Investment Property closed the sale of a 44-key motel near Nye Beach in Newport, Ore. The final price was not disclosed.
Global Medical REIT to Buy 2 Hospitals in Sherman, TX
The company will pay $26 million to acquire two medical facilities totaling 81,352 combined square feet, with plans to lease them to current owner SDB Partners.
Empire State Realty Lands New Tenant at NYC HQ
Global retailer Gap Inc. signed an 80,900-square-foot lease at the newly refurbished 111 W. 33rd St., in Manhattan. The new tenant will occupy two entire floors.
Skanska Makes Executive Team Changes
Anders Danielsson was promoted to president & CEO of Skanska USA, while current President & CEO Richard Cavallaro will be moving to his former role as president & CEO of the Skanska USA Civil Business Unit.
Skanska Invests $49M in Office Development in Poland
Work at the second phase of Spark, an upcoming three-building office complex located in the center of Warsaw, Poland, is slated to begin this month and to finalize in the first quarter of 2019.
Atlanta-Area Medical Office Buildings Trade for $17M
Developed in 2007, the identical properties are 98.5 percent occupied, with approximately 87 percent of the rentable square footage leased to St. Mary’s Health Care System Inc.
CBRE Secures 119 KSF Oakland Industrial Lease
The tenant, a large electrical distributor, will benefit from the building’s 425 feet of frontage along Interstate 880.