News
SF Office Development Changes Hands
Phase 3 Real Estate Partners has acquired Centennial Towers, a Class A office development, from Myers Development.
CBRE Makes a Move in Memphis
CBRE | Memphis has assimilated into the CBRE family, becoming one with the global firm.
C&W Referees Industrial Battle in Silicon Valley
Electronics manufacturer Bestronics has leased a 73,000-square-foot industrial building in San Jose.
Adidas Jogs Over to Fifth Avenue
The global giant Adidas will open up its largest store to date on Fifth Ave. in New York City in fall 2016.
Rockpoint Reels In Red-Roofed Gem
Rockpoint Group has acquired 99 Summer St., a Boston office tower crowned in red granite.
Gencom, Gemstone Buy Beantown Boutique Hotel
Gencom and Gemstone Hotels & Resorts have purchased the Ames Boston Hotel in downtown Boston’s Government Center.
MEPT Recapitalizes in the Capital
MEPT, in a joint venture with Ärzteversorgung Westfalen-Lippe, has recapitalized Patriots Plaza, a nearly 1 million-square-foot office complex in Washington, D.C.
Fried Frank Executes 3 Transactions in 2 Days
Fried Frank has been busy with three major deals closed within two days, including the sale of Stuyvesant Town-Peter Cooper Village in Manhattan to The Blackstone Group and Ivanhoé Cambridge for $5.3 billion.
Colliers Acquires Portland Firm
Colliers International has acquired the brokerage operations of NAI Norris, Beggs & Simpson, pushing it to become the market leader in Portland.
Economy Watch: Final Reading for 3Q GDP Mediocre
The Bureau of Economic Analysis released its third and final report on US gross domestic product in 3Q 2015 on Tuesday, with the annualized growth rate coming in at 2 percent during the quarter, a downward revision from the previous estimate.