Regions
Counselors Unveil Top 10 Issues for 2019
The Counselors of Real Estate released its annual ranking of the 10 national issues that are likely to have the biggest impact on commercial real estate this year.
NJ Selects Ørsted for 1.1GW Ocean Wind Project
During the development and the three-year construction phases, the offshore wind project is expected to create more than 3,000 direct jobs annually.
NASM Inks 42 KSF Lease in Greater Phoenix
The fitness training provider will occupy the majority of a 69,460-square-foot office building in a 50-acre business park. Newmark Knight Frank acted on behalf of the landlord in the lease.
HFF Arranges Loan for Denver Office Asset Sale
The buyers plan to renovate the office property located in Denver’s Midtown West area. The eight-story building was home to the Downtown Woolworth’s store on the ground floor.
CBRE Strengthens Cleveland Retail Team
Industry veteran Jeremy Bates will serve as vice president. Previously, he was responsible for leasing Stark Development’s retail and office portfolio.
Candid to Relocate Columbus HQ
The move to the historic Dispatch Building in the downtown area is scheduled for this fall. Candid will occupy more than 33,000 square feet, bringing the property to full occupancy.
Richmond Industrial Facility Trades in $9M Deal
CBRE brokered the sale-leaseback transaction on behalf of locally based seller Pohlig Brothers Packaging. STAG Industrial Holdings purchased the 110,000-square-foot asset.
Boston Office Property Gets $112M in Financing
NB Development Group secured first mortgage financing for 80 Guest Street, a trophy office property and part of the Boston Landing mixed-use project.
Park Hotels & Resorts Sells 3 Assets for $166M
The disposition of the 1,098-key portfolio helps the hospitality REIT curb leverage ahead of its $2.7 billion merger with Chesapeake Lodging Trust.
Short-Term Rentals Costing States Millions: Report
A study commissioned by the American Hotel & Lodging Association contends that Airbnb’s agreements with state and local jurisdictions will cost millions in lost tax revenue.