Regions
RSC Architects Redesigns NJ Medical Unit
The firm has completed phase one of a multi-phase renovation plan at Englewood Hospital and Medical Center in Bergen County. Improvements included converting existing rooms into private patient rooms, and adding new waiting areas and care stations.
JLL to Continue Managing 866 UN Plaza
Located directly across from the United Nations headquarters, the office building’s tenant list includes missions, consulates and non-government organizations. The Carlyle Group purchased the office tower in April for $217.5 million.
Vince Camuto Moves to Shorenstein’s 1407 Broadway
The luxury retailer is consolidating two of its Midtown Manhattan offices and moving to the newly renovated building’s third floor. The move is expected to be completed by next spring.
BlueVolt Relocates Portland HQ
BlueVolt, an e-learning solutions company, has leased more than 9,000 square feet on the fourth floor of the Marquam Building. The firm is set to expand its team with several new hires.
NoCal Medical Park Trades in 1031 Exchange
Sinogap LLC has exchanged a Silicon Valley redevelopment site for a 21,008-square-foot multi-tenant medical dental office park in Milpitas, Calif., and an apartment community in San Jose, Calif.
Economy Watch: Washington State Has Healthiest Economy
A recent WalletHub report ranked the 50 states based on economic health, which affects commercial property growth. Washington state took the top spot, followed by California, Utah and Massachusetts.
Philly-Area Office Trades, Lands $45M Financing
HFF’s investment sales team reeled in a buyer for Valley Creek Corporate Center, then the firm’s debt placement team secured acquisition funds for the Pembroke-Ten Capital joint venture through Barclays Capital.
CBRE to Buy Majority Stake in Caledon
Caledon manages some $7 billion of assets for institutional investors through a combination of direct investments and primary funds. Closing is expected to occur later this year, subject to regulatory approval and other customary closing conditions.
Vail Closes Vermont Mountain Resort Acquisition
Stowe became Vail’s first-ever resort on the East Coast and its 13th overall ski property. The asset is forecast to bring in more than $5 million in revenue during its first 12 months of operation, following the acquisition.
Foster + Partners Opens Dubai Office
With projects like the Index and two new Apple stores, the company’s new office will provide a regional base for the practice to serve clients in the UAE.