Regions
Hudson Pacific to Transform Santa Monica Office Asset
Hudson Pacific Properties is set to reposition a three-story, 44,000-square-foot office building in Santa Monica, Calif. The company plans to invest up to $1.4 million in interior/exterior upgrades.
Economy Watch: E-Commerce Sales Impacting Certain Retail Sectors
While internet sales have been steadily increasing each year and each month, they are only generating significant volume in sectors like apparel and electronics, according to a new CBRE report. E-commerce has yet to gain as much traction in other retail areas.
JCR Capital Expands Denver Team
The company added Mark Fallon as director of business development. He brings more than 30 years of experience in business development and client acquisition.
Santa Ana Office Park Trades for $32.8M
Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. At the time of sale, the two-building, 185,245-square-foot property was 96 percent occupied.
IHG to Launch New Midscale Brand
The hospitality chain aims to address an underserved group of 14 million potential guests who are hungry for a high-quality yet competitively priced experience. Development costs are estimated at $85 to $90 per key.
Iron Gate Self-Storage Portfolio Changed Hands
The sale of the 1,466-unit portfolio was the largest self-storage transaction in Elkhart County, Ind. The six facilities have recently undergone improvements worth $1.1 million.
NAI Capital Welcomes LA Executive VP
Joseph Gabbaian specializes in sales, acquisitions and leasing of investment, user and redevelopment properties with a special emphasis on West Los Angeles and Santa Monica.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
Summit Closes $163M Portfolio Deal
Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.
Dealertrack Opens $100M Long Island HQ
The software firm has committed to a long-term lease at the property, bringing more than 350 high-tech jobs to North Hills, N.Y.