Regions
Economy Watch: US Hotels to Grow at Slower Pace in 2018
Excess supply is a major reason why 50 of the 60 top markets CBRE Hotels’ Americas Research highlighted in the firm’s latest report are projected to see a declined in occupancy in 2018.
doTerra Expands Corporate Campus in Utah
The essential oils company continues its growth in Pleasant Grove with a new office building, a medical clinic and an expanded manufacturing facility. Plans also call for the creation of 950 jobs over the next three years.
NKF Adds Net-Lease Vets to Team
The company has appointed Ken Hedrick as executive managing director, while Jerry Hopkins and Andrew Ragsdale will become senior managing directors.
SSGT Invests in Massachusetts
The 840-unit self-storage facility in Nantucket is 91 percent leased and is one of a host of assets the REIT has snapped up across the U.S. this year.
Celebrating 30: The Fall of Paired-Share REITs
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: The end of paired-share REITs. Stay tuned for our weekly posts and follow along with us using the hashtag #CPETurns30.
Hilton Hotel to Join NC Mixed-Use Project
Aston Properties traded a two-acre site at Biltmore Station for the development of a Home2 Suites by Hilton hotel in Asheville, N.C. Baywood Hotels intends to start construction this year.
Stonemont Buys $1.3B Net Lease Portfolio
CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.
Informa Consolidates NYC Offices in Midtown
Fisher Brothers will welcome the events and publishing company to 605 Third Ave., a recently renovated Class A office tower. The firm plans to occupy three floors by the first quarter of 2018.
Economy Watch: Architects Keep Busy for Sixth Straight Month
Increases in design billings across all major regions and construction sectors signal future growth in design and construction activity in the coming months, according to the American Institute of Architects’ latest Architecture Billings Index report.
C&W Expands PDS Team
With more than 15 years of working together at various companies including Eagle Rock Partners, CBRE and Trammell Crow Co., Ken Loeber and Terry Rennaker are bringing their partnership to Cushman & Wakefield’s Project & Development Services.