Regions
HFF Brokers Suburban NJ Office Campus Sale
An affiliate of Hartford Investment Management Co. disposed of the seven-building park, which will receive a complete rebranding and repositioning under its new ownership.
EquiCap Facilitates IN Self-Storage Asset
The Illinois-based brokerage company has facilitated the sale of a 239-unit self-storage facility located in Crown Point, Ind. The firm represented the seller and sourced the buyer in the deal.
CBRE Arranges $33M in Financing for Hyatt Hotel
Phoenix Development Partners used the loan to acquire and renovate the 301-key property located in Deerfield, Ill., off the interchange between interstates 94 and 294.
Sotherly Buys $81M Hyatt Centric in VA
Berkadia’s Hotels and Hospitality Group facilitated the sale and arranged financing for the acquisition of the 318-key Hyatt Centric Arlington.
Rexford Sells 1, Acquires 2 CA Industrial Properties
The firm sold an 11,808-square foot building in the Inland Empire, as well as purchased a 96,993-square-foot property in San Marcos and a 43,787-square-foot asset in Long Beach.
JLL to Lease Planned Industrial Asset in NJ
Upon completion in June 2019, Onyx Equities’ distribution center will bring 120,000 square feet of Class A space to the Route 17 corridor.
Economy Watch: Demand for Construction Workers Rises
Skilled labor is particularly in demand, and the sector’s unemployment rate was the lowest national March rate on record. Price increases for materials pose the greatest threat to the continued growth of construction activity.
Interstate Hotels & Resorts Appoints New Senior VP
Fernando Salazar brings more than 30 years of industry experience. He is the official ambassador of Culinary Institute of America and the Universal Culinary Ambassador of Spain.
Land Services USA Expands New Maryland Office Team
Shawn Goldfaden brings extensive title and finance experience, while Christina Frankenberg has more than a decade of real estate transactions expertise.
Avison Young Hires New Principal
Brian Kelley brings 13 years of commercial real estate experience to the firm’s St. Louis office, where he will focus on both retail and multifamily transactions.