News
Four Points Debuts in Cleveland
Owned by NextGen Hotels, the recently renovated Four Points Cleveland Airport Hotel features 147 keys and 6,500 square feet of flexible meeting space.
Economy Watch Weekly: Office Market to Face Challenges in 2017
The economy’s growing better now, but 2017 might be a softer year for the office market. Economy Editor Dees Stribling weighs in with what’s ahead next year for the real estate industry, for the week ending Dec. 23, 2016.
Economy Watch: Consumers End ’16 in Confident Mood
The University of Michigan’s Consumer Sentiment Index came in at its highest level since January 2004, which bodes well for retailers and retail landlords.
Griffin Capital Snags $44M Office Building in New Jersey
The company acquired 10 Sylvan Way from Normandy Real Estate Partners and Partners Group.
Lightstone Secures Financing for Moxy Hotel
Lightstone’s four Moxy’s total 1,500 guestrooms, which includes the brand’s 618-room flagship U.S. property in Times Square that is scheduled to open in 2017.
Dalfen America Lands 450KSF Industrial Properties
Located in Cincinnati and the Minneapolis suburb of Rogers, the two assets were purchased for an undisclosed amount.
Executive of the Year Spotlight: Stephen Furnary
The company kicked off 2016 with a management-led recapitalization, selling a majority interest to a Baltimore-based asset manager.
Economy Watch: GDP Growth Jumps in 3Q
The Bureau of Economic Analysis’ final estimate for third-quarter U.S. GDP growth was revised up to 3.5 percent, a considerable improvement from the final second-quarter estimate.
JV Acquires 2 Properties in SF Financial District
Kennedy Wilson and Takenaka Corp. acquired a 247,000-square-foot office tower and a 27,000-square-foot bank branch for $135 million.
HFF Seals Largest Portland Office Deal in 2016
The company marketed the asset on behalf of the seller, The Ashforth Co., and also procured the buyer.
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