News
Portland’s Silicon Forest Continues to Grow
Multifamily demand remains elevated, fueled by a healthy job market and an influx of young people. Oregon’s GDP grew 4.6 percent as of the third quarter of 2016, placing it in the top 10 fastest-growing states in the nation.
Largest C-PACE Deal to Fund CA Medical Center Retrofits
Verity Health System will use the 30-year loan to make mandatory seismic upgrades to Seton Medical Center in Daly City, Calif.
NHG Taps GM for Tampa-Area Hilton Hotel
Charles Stallings’ extensive background in hotel operations and sales recommended him for the new position. In his new role, he will be overseeing operations for the 89-key hotel.
HFF Closes $26M Sale of Phoenix-Area Property
The company represented the seller, a partnership between AEW Capital Management and The Muller Co., and procured the buyer, Arizona Partners.
Marriott Breaks Ground on Adaptive Reuse Hotel
The property, a former soap and candle factory, textile manufacturing facility and knitting mill, will soon join the company’s Tribute Portfolio.
Denholtz Adds Tenant to Tampa Office Building
Empire Office Inc., a leading provider of contract furniture solutions, will use the new office space to consolidate its growing Florida operations.
Wilson & Stonaker Acquires Texas Industrial Park
The 334,082-square-foot, four-building industrial park in Fort Worth has 20,000 to 56,000 square feet of space currently available for lease. Transwestern Principals Jeff Givens and Sarah LanCarte represented the seller and will be leasing the property.
Long Island Medical Office Portfolio Hits the Market
Cushman & Wakefield is marketing the sale of two medical office buildings located in Great Neck and Manhasset, N.Y. The assets total 70,167 square feet of space and are 88 percent leased to multiple tenants.
Marcus & Millichap Secures DC Mixed-Use Asset
The Transit Employees Federal Credit Union sold the 4,374-square-foot mixed-use facility located in Washington, D.C. The property features a sublevel and mezzanine space for retail, office or multifamily conversions.
SRS Opens New San Diego Office
SRS Real Estate Partners has hired Sam Hanna and Bryan Raphaelson, both from Marcus & Millichap’s net lease group, to anchor the new San Diego team. The company also appointed Michael Lagazo, formerly of SVN, as vice president.