Regions
Economy Watch Weekly: US Office, Industrial Markets Performing Well
Continued restraint in new development in the office sector and robust demand in the industrial sector contributed to strong first-quarter performances for the property types. Economy Editor Dees Stribling has the latest, for the week ending May 18, 2018.
Top 10 Office Projects Under Construction in Ohio
The state’s office market is expected to recover this year. There are 20 projects totaling roughly 1.8 million square feet scheduled for completion by the end of 2018, more than double the deliveries of 2017.
NAI Hiffman Arranges Lease for SLAS
Senior Vice President Perry Higa represented the tenant in its headquarters relocation from Saint Charles to an office building in Oak Brook, Ill.
Westwood Financial Acquires AZ, GA Retail Centers
In a deal totaling $66.2 million, the company bought Boardwalk at Andersen Springs in Chandler, Ariz., and Decatur Crossing in Decatur, Ga. HFF arranged the financing for both purchases.
ANSYS Expands Pittsburgh HQ Space
The company will be leasing an additional 31,000 square feet at Zenith Ridge in Southpointe II, a luxury office campus, where it currently occupies 186,000 square feet.
Hilton Divestment Vindicates Blackstone’s Patience
Analysts outline how the company followed up on the unification of Hilton’s domestic and international sides, and why the investor’s moves have paid off so well.
UBS Trades DC Office Asset for $54M
Representing the property owner, HFF secured a buyer for the 110,000-square-foot building and orchestrated acquisition financing on behalf of the investor.
Retail Owners Bet Big on Makeovers
RECon attendees detailed strategies for major renovations and reported renewed interest in the sector from institutional capital sources.
AICPA to Relocate Central Park District Office
The financial organization is set to occupy roughly 30,000 square feet on the 27th floor of Fisher Brothers’ 2 million-square-foot office high-rise.
Kennedy Wilson Snags 292 KSF Seattle Business Campus
CBRE Capital Markets arranged $34.5 million acquisition financing on behalf of the buyer, for its acquisition of the eight building Redmond East Business Campus in Redmond.