News
Accurate Group Announces 2 New VPs of Sales
In their new roles, Matthew Lichtner and Richard Heltzel will lead the company’s sales efforts on the West Coast and in the Northeast, respectively.
Level 3 to Redevelop Iconic San Diego Building
Upgrades to The Wall, once a 1920s dance hall, will include a custom steel and wood front awning, exposed ceilings, skylights and a green living wall. SBMI Group bought the property last year for $2.8 million.
IHG to Open Second Holiday Inn Express in Melbourne
IHG and its partner Pro-Invest announced plans for a new 299-key hotel, marking the second Holiday Inn Express in Melbourne. Holiday Inn Express Melbourne Little Collins is slated to open in 2020.
Ermenegildo Zegna Relocates in Midtown Manhattan
The luxury retailer will occupy 20,132 square feet of office space at SL Green’s 10 E. 53rd St., spreading throughout part of the sixth and the entire seventh floors. JLL brokered the deal.
New St. John Providence Medical Center Opens Its Doors
The 60,000-square-foot outpatient facility in Howell, Mich., bears the signature of developer MedCraft Healthcare Real Estate LLC, interior design firm Diekema Hamann and contractor CSM Group.
Jackson Square Office Building Changes Hands in SF
Seth McKinnon and Tyler Meyerdirk of CBRE Capital Markets arranged the sale of the five-story, 15,432-square-foot property in San Francisco. At the time of the transaction, the building was 92 percent leased.
Economy Watch: Banks Tighten CRE Lending in Q1
Banks cited a less favorable or more uncertain outlook for CRE property prices, vacancy rates or other fundamentals, as well as reduced risk tolerance as important reasons for tightening CRE credit policies in the first few months of 2017, according to the Federal Reserve’s latest Senior Loan Office Opinion Survey.
John Lo Joins CBRE as SVP
John will bring more than 23 years of experience in commercial real estate finance to his new role. Prior to joining CBRE, John worked for three years at JLL.
Defense Contractor Changes Base in Maryland
ELTA North America is tripling its footprint from the 7,500 square feet it occupied in Fulton, Md., less than 10 miles away from the new headquarters.
JV Completes $55M Hyatt Hotel Renovations
Thirty-eight Hyatt Place and Hyatt House locations underwent renovations that included upgrades to guestrooms, common areas, bathrooms and amenities.