News
Pebblebrook Buys Boutique Hotels in Seattle, Portland
By Alex Girda, Associate Editor Pebblebrook Hotel Trust has secured two of the Northwest’s prime boutique properties: The Hotel Vintage Park Seattle and the Hotel Vintage Plaza Portland, which are located in Seattle’s downtown financial center and Portland’s downtown respectively. The REIT paid $63 million for the properties. The 124-key Hotel Vintage Park Seattle is […]
TSU Taps Contractors for $9M Campus Renovation
By Camelia Bulea, Associate Editor Texas State University has selected Houston-based Satterfield & Pontikes Construction Inc. as construction manager for a $9.3 million project in San Antonio. The firm will oversee the renovation of a 37,500-square-foot psychology building, according to the San Antonio Business Journal. Work is scheduled to start next spring. The scope of […]
Cuyahoga County Eyes 250,000-SF Headquarters Space
By Adrian Maties, Associate Editor In a planned series of moves that promise to make a collective splash in the Cleveland real estate market, the Cuyahoga County government is in the hunt for 225,000 square feet for a new headquarters and another 200,000 square feet for record storage. In addition, the county also plans to put […]
600-bed Student Housing for Columbia
By Eliza Theiss, Associate Editor Pending a decision by the Columbia City Planning Commission, the city could see a new student housing project rising in town. Dubbed Monarch at USC, the 600-bed student housing project is a joint venture between local developer Ben Arnold, president of Arnold Companies, and Charlotte, N.C.-based Monarch Ventures, reports the […]
Express Picks Flagship Locations on Two Coasts
The apparel retailer has leased 30,000 square feet in Manhattan’s Times Square and a 16,000-square-foot store in San Francisco’s Union Square.
Garrison Investment Group Acquires the DoubleTree Denver-Aurora; Sage Hospitality Now Manages the Embassy Suites Denver
By Gabriel Circiog, Associate Editor Holliday Fenoglio Fowler announced it has closed the sale of the DoubleTree Denver–Aurora. The 248-room full-service hotel, located at 13696 East Iliff Pl. in Aurora, was marketed by HFF on behalf of the seller—GTIS Partners. The property was purchased by New York-based Garrison Investment Group for an undisclosed amount. The […]
Genomics Firm Leases 170 KSF in Manhattan
Owner Edward J. Minskoff Equities Inc. will create a $47 million building within a building for the New York Genome Center at 101 Avenue of the Americas.
Prudential Acquires Retail and Restaurant Space in John Hancock’s Center for Almost $142 Million
By Gabriel Circiog, Associate Editor John Hancock Center’s retail and restaurant space has been acquired by Prudential Real Estate Investors for close to $142 million, ChicagoRealEstateDaily.com reports. As previously reported by Commercial Property Executive, a joint venture including Deutsche Bank A.G. and NorthStar Realty Finance Corp. seized the property earlier this year after a joint […]
Foreign Capital, Robust Demand Drive Industrial Growth: Jones Lang LaSalle
Other key factors are global supply chain trends, worldwide growth of e-commerce and solid infrastructure, a study contends.
Economy Watch: Middle-Market Firms More Cautious; Has Housing Hit Bottom?
Zillow’s Home Value Index rose for the first time in five years; mid-sized firms expect revenue growth to slow from 5.2 percent to 4.8 percent over the next 12 months.