Regions
Movement Mortgage Opens Norfolk Operations Center
The company is investing $3.1 million in the new 93,000-square-foot office. The center is relocating 550 jobs from Movement’s former location in Virginia Beach and will be adding 200 more positions over the next three years.
Triple Five Closes $1.7B Loan for American Dream
The big-ticket project will bring 3 million square feet of retail and entertainment space to East Rutherford, N.J., including the largest indoor DreamWorks Water Park in North America.
Facebook Seattle HQ Commands $286M
Tristar Capital and RFR Holding have partnered to acquire Dexter Station, a 10-story, Class A office building in the city’s South Lake Union neighborhood.
Philly-Area Hilton Garden Inn Hotel Sells for $23M
The 146-key property underwent a $2.5 million renovation of the lobby and outdoor seating areas, as part of a value-add strategy implemented after the hotel’s acquisition in 2013.
Phillips Edison REIT to Acquire $1B in Sponsor Assets
The combined company, which is expected to reach a total enterprise value of $4 billion, will own 230 shopping centers in 32 states.
Steady San Diego
Rents were up 4.8 percent in the year ending in March, continuing to outperform the national average, Yardi Matrix data shows. And at 96.8 percent, the metro’s occupancy rate is one of the highest in the country.
Lyndra Moves HQ, Signs 14 KSF Boston-Area Lease
The health care company moved to the newly refurbished 65 Grove St. in Watertown, Mass., minutes away from its former headquarters at 134 Coolidge Ave. NGKF and Commonwealth Standard Realty brokered the lease.
Slate to Acquire $53M NC Retail Asset
The owner and operator of U.S. grocery-anchored real estate inked a binding agreement to purchase Mooresville Consumer Square, a 579,391-square-foot retail property in Iredell County.
National Fitness Partners Doubles NC Footprint
GNT Holdings sold 12 Planet Fitness clubs operating in Charlotte to National Fitness Partners, which is backed by Argonne Capital Group.
Upcoming $4B Resorts World Las Vegas Taps President
Edward Farrell who has more than 30 years of experience in the casino industry will oversee all developed activity on the Las Vegas Strip site that is expected to open in 2020.