News
Comfort Targets Ambitious Growth in 2017
The brand, owned by Choice Hotels International, is planning to expand with the opening of 56 properties all around the country.
Manhattan Office Asset Lands $200M Recap
Silverstein Properties has acquired a majority interest of 619 West 54th St.. The company partnered with Taconic, which purchased the Hell’s Kitchen asset five years ago.
Gazit-Globe Launches US Investment Subsidiary
The company, led by Jeffrey Mooallem, will target large properties with mixed-use potential in major metro markets, as well as value-add projects in certain gateway cities.
RE Forecast: Cloudy with Some Sunshine
Executives from Hines, AvalonBay and Trepp offered their outlook for the next three years as ULI unveiled the results of its Real Estate Consensus Forecast.
Tourism Sparks Orlando’s Boom
The metro’s multifamily market is expanding rapidly as a result of its strengthening economic fundamentals. Investor demand is robust, with more than $2 billion in properties changing hands during each of the past two years.
Colony Northstar Signs Record Deal at Manhattan Skyscraper
With a reported rent of $130 per square foot, CBRE inked a 40,000-square-foot office lease at 590 Madison Ave. The property is jointly owned by State Teachers Retirement System of Ohio and Edward J. Minskoff Equities.
Restoration of Bay Area High School Kicks Off
The retrofit and restoration was designed by Quattrocchi Kwok Architects and will be covered by local bonds and potentially California Proposition 51 match funding.
Record Leasing Numbers at N.C. Self-Storage Facility
The company’s newest self-storage facility leased 77 units in April 2017, exceeding 10 Federal’s prior single-month record of 48 leases achieved in May 2016.
Copaken Brooks Takes a Leap into KC Industrial Market
Frequently associated with office and mixed-use projects, the company announced its first industrial development. Midwest Gateway will be a 500,000-square-foot project located directly adjacent to the BNSF intermodal facility in Edgerton, Kan.
Moore’s Food Resources Establishes Roots in Greenville County
The natural foods provider is planning to create a new 131,200-square-foot facility in Piedmont, S.C. The company will bring $15 million in capital investment to the city and is expected to create 182 new jobs.