Regions
Opus Promotes Mike Yungerman to VP & General Manager
In his new role, Yungerman will use his 12-year experience with the company to manage the Chicago team and to oversee and expand Opus’s portfolio in the area.
Quantum Capital Secures $50M Retail Refi
The loans will refinance a Walmart-anchored shopping center in Torrance, Calif. and four fully leased retail buildings in Beverly Hills, Calif.
Columbia Property Trust Completes Renovations at DC Office Building
The 285,000-square-foot 80 M St. in Washington, D.C. underwent a $3 million renovation that brought the building’s occupancy level to 94 percent.
Home2 Suites by Hilton Expands in Emerald City
The newest Home2 Suites by Hilton hotel in Seattle is located near the largest military installation in the western U.S. Lexmar Hospitality owns the property.
Barclays Nabs Revitalized NJ Office Campus
Long-term tenant Barclays Capital acquired the three-building The Crossings at Jefferson Park in Whippany, N.J, from a joint venture. The complex underwent a three-year multimillion-dollar renovation and features The Powerhouse, an 11,000-square-foot, stand-alone amenities center.
HFF Secures $170M Refi for NoCal Retail Portfolio
The 33 triple-net-leased grocery retail assets in San Francisco Bay Area, Sacramento and the Central Valley are fully occupied under a master lease with The Save Mart Cos.
Int’l Recruitment Firm Coming to Philly
Frank Recruitment Group will occupy 21,300 square feet of space at 1801 Market St. where it will establish its regional Pennsylvania headquarters. The company will create 250 jobs for the new office.
Economy Watch: Americans Generally Optimistic About Economy
A new Pew Research Center report reveals that nearly six in 10 Americans believe the current economic situation is good, which bodes well for commercial leasing. However, the same participants weren’t as optimistic about future prospects.
Greysteel Expands in Denver
To accommodate their growth throughout the country, Greysteel opened its first Colorado office, in Denver. The company hired Ryan Floyd as a senior director and Scott Whitfields as a director.
Westwood Sells Phoenix-Area Retail Center
Tatum Plaza, a retail center shadow-anchored by Fry’s Food & Drugs, traded for $9.5 million. Westwood acquired the property in 2014 and increased the asset’s net operating income by filling the center with high-profile tenants.