Regions
Hyatt Place Opens Doors in Knoxville
The hotel, located in a historic building more than 100 years old, includes 165 guestrooms in the heart of Knoxville’s downtown.
NorthMarq Appoints New SVP in Richmond
Reina Abboud will be in charge of the multiple loan operations of NorthMarq Capital’s Richmond office, including equity and debt solutions for clients.
Working Around the Tax Bill, Other 2018 Hacks
Financial and business advisor Ray Sturm penciled out the real estate environment for 2018, in light of the revised tax legislation, budget cuts and challenges in affordable housing development.
Evocative Enters VA Data Center Market
The Michael Faraday building, located in the heart of Fairfax County, offers good fiber connectivity options, with more than 15 carriers to choose from.
Interstate Lands Management of Philly Hotel
The new owner of the 349-key hotel, located near the city’s airport, is planning to extensively renovate the building in the near future.
Economy Watch Weekly: Job Growth Down in 2017
The U.S. economy created a total of 2.1 million jobs in 2017, which is down from last year’s total, according to the Bureau of Labor Statistics. Economy Editor Dees Stribling dives into the latest jobs report, for the week ending Jan. 5, 2018.
China-Based Investor Buys Retail in Colton, CA
Evergreen Devco has sold the newly constructed asset for $8.9 million. The sale closed with market-leading pricing for the Colton submarket, at a 5.5 percent cap rate.
Pacific Hospitality Sheds Disneyland-Area Hotel
The 376-key Wyndham Anaheim Garden Grove’s new owner plans to extensively renovate and reposition the asset under the Delta by Marriott flag.
Skanska Invests $58M in Poland Office Project
Offering 196,979 square feet across 16 stories, construction of Generation Park’s phase two began in December 2017 and is slated for completion in the the third quarter of 2019.
SL Green Names New COO
Since joining the firm 16 years ago, Edward Piccinich has held roles overseeing development, construction, management and capital underwriting within the company.