News
Sovran Announces Acquisitions Worth $398M, Enters California
Sovran Self Storage is undergoing a major expansion with an agreement to buy 25 properties totaling $371 million, adding about 2.3 million square feet of rentable storage space.
Fort Lauderdale’s Tower 101 Receives Acquisition Financing
CBRE Capital Markets’ Debt & Structured Finance team arranged$35.9 million in financing for the acquisition of Tower 101.
Regency Centers Announces Second Phase of Northgate Marketplace
Regency Centers has announced plans to develop the second phase of its Northgate Marketplace retail project in Medford, Ore.
Campus-Style Office Park Changes Hands in Suburban Denver
Miller Global Properties has parted ways with a six-building, Class A office campus in suburban Denver.
Virgin Hotels Appoints Mathewes, Thompson in Top Positions
Virgin Hotels recently expanded its executive team with the addition of Dan Mathewes as chief financial officer and Thayer Thompson as general counsel & VP of commercial operations.
Legg Mason Diversifies Revenues with Clarion Partners Buy
Legg Mason’s $585 million purchase of Clarion Partners “will diversify Legg Mason’s assets and revenue stream to benefit our shareholders,” according to the company’s CEO.
HFF Brokers 5-Property Office Deal in West L.A.
All of the five assets were previously part of Equity Office’s portfolio.
Transportation Insurance Brokers Changes Floors in Glendale Office Building
As the Glendale office market catches up to its Tri-City neighbors, Charles Dunn Company completed a new leasing agreement.
Downtown Chicago Office Building Commands $198M
The office market is starting off strong in 2016 with Ivanhoe Cambridge and Callahan Capital Properties’ big purchase of a 796,000-square-foot Class A office building in Chicago’s Central Loop.
Economy Watch: Signs of a Modest Slowdown
Recent economic reports seem to point to a slowdown in the U.S. economy, but modest growth is expected in the near term.