Regions
The Hampshire Cos. Opens NJ Storage Facility
The new 81,745-square-foot Extra Space Storage marks the company’s 38th facility in total and the seventh in Carteret, N.J.
1788 Holdings Acquires PA Industrial Asset
Riverside Business Center in Whitehall comprises 423,900 square feet and was 87 percent leased to 11 tenants at the time of sale.
Carver Bank Relocates Manhattan HQ
Following the sale of its previous location, the bank has signed a 20,000-square-foot lease in a recently refurbished historic building in Harlem, maintaining its 70-year presence in the neighborhood.
Calida Grows Vegas Portfolio With 180 Units
New ownership will use part of the loan received from PCCP LLC to renovate the community. Hampton Garden is located in the Summerlin/Spring Valley area, a top-performing submarket.
Red Roof Gets New Ohio HQ
The company will relocate from downtown Columbus to a new 43,000-square-foot office in New Albany, Ohio, to accommodate its growing corporate team.
Economy Watch: Most Office Space Under Construction Already Preleased
More than half of new construction is preleased in all but one of the top-10 markets for construction activity, according to CBRE’s latest MarketFlash report.
Hospitality Gains Momentum in 2018
Uncertainty about the federal government’s tax and fiscal policy slowed hotel transaction velocity in 2017, but sales activity is expected to increase this year, according to Marcus & Millichap’s 2018 Hospitality Investment Forecast.
Hawaii Hotel Fetches $200M
Continuing its portfolio upgrade, Xenia Hotels & Resorts sold its leasehold interest in the 693-key Aston Waikiki Beach Hotel in Honolulu, four years after acquiring the property for $183 million.
Is Cold Storage Heating Up?
The increase in online grocery sales will generate demand for as much as 35 million square feet of U.S. cold-storage space within the next seven years, according to a new report from CBRE.
Property Management Firm Doubles NJ Office Presence
Constructed in 1984, the building contains nearly 90,000 square feet along Interstate 287 and is leased to a mix of tenants.