News
Crescent Tapped to Manage Philly-Area Hilton Hotel
The 146-key hotel is adjacent to the Fort Washington Office Park, benefiting from the proximity of nearly six million square feet of Class A office space. Crescent will manage all operations of the hotel, including guest experience and food services.
Avison Young Brokers $20M Sale of 2 DC-Area Industrial Assets
The properties totaling 245,888 square feet were sold by CIM Group and purchased by Beckham Gumbin Ventures. The buildings are close to key employers, such as the CIA and CACI International.
SF Shipyard Mixed-Use Development Sets Sail
The San Francisco Shipyard will anchor a wider plan along San Francisco’s southeastern shoreline, which also incorporates Candlestick Park. This will be the Bay Area’s largest commercial development under single ownership.
Leasing Underway at Atlanta BeltLine’s First Creative Office Building
The Willoughby is the first new, mid-rise creative office property to be built along Atlanta’s BeltLine Park, which is one the country’s largest urban redevelopment programs currently in progress.
HER Realtors Opens New Ohio Office
Matthew Long, a broker with HER since 2016, will spearhead the sales team at the company’s second location in Clintonville, Ohio.
Revamped Glendora Shopping Center Opens Doors
JLL has secured three leases for owner Champion Glendora, bringing total occupancy to 85 percent, prior to completion of the redevelopment in July.
Downtown Palm Springs Springs Up in the Fall
Grit Development’s revitalization project brings new hotels, retailers and restaurants to the city’s downtown. The grand opening is scheduled for mid-November.
Miami Beach Retail Property Trades in $4M Deal
EWM’s Allison Turk worked on behalf of the Canadian buyer, who plans to convert the space into the first U.S. location for Impact Kitchen.
Noranda Bauxite & Alumina to Invest $35M in Louisiana Facility
In addition to expanding and upgrading the alumina refinery, the company also indicated that it will be moving its corporate headquarters to the Gramercy plant.
West Loop Self-Storage Assets Trade for $14M
The sale of the buildings, totaling 60,000 square feet, was mediated by SVN Chicago Commercial. Extra Space Storage occupies all three structures.