Regions
National Asset Services Adds 6 to Retail, MOB Portfolio
The company has been appointed property and asset manager of the Sherwood Village shopping center in San Angelo, Texas, and five newly built medical office buildings in Texas, Pennsylvania, Ohio and Massachusetts.
Metro DC Office Park on the Market Again
Avison Young was tapped once more to market the sale of Calverton Office Park in Beltsville, Md. The 313,810-square-foot complex comprises three office buildings and a daycare center.
THG Opens Hyatt House Anchorage
This hotel marks the company’s first Hyatt House property and the first for Alaska. The pet-friendly location offers amenities such as a pool, restaurant, meeting space and a free airport shuttle.
Silicon Valley R&D Campus to Open in September
Trimble-Junction Ventures will redevelop two existing buildings in San Jose. Cushman & Wakefield will lead the leasing efforts for the 176,000-square-foot facility.
Park Madison Partners Welcomes Veteran
Amy Cummings has been tapped as the firm’s newest partner, bringing more than three decades of expertise in acquisitions, asset management, portfolio management and investor relations.
$50M OC Project Wraps Up Retail Component, Marriott Underway
ValueRock began redeveloping the mixed-use shopping center in Lake Forest, Calif., in 2014. The company recently received the go-ahead for a 99-key Marriott hotel.
Madison Capital Taps JLL to Lease 71 Fifth
A team fronted by Mitchell Konsker, Daniel Turkewitz and Benjamin Bass will provide leasing and marketing services for an upcoming 15,389-square-foot vacant office space at the 11-story Midtown Manhattan building.
Regal Hospitality Lands Sheraton Suites Columbus
HFF closed the sale of the 259-key hotel in Columbus, Ohio. The property provides easy access to the Port Columbus International Airport as well as downtown Columbus and the Ohio State University.
Economy Watch: Inflation Edges Up in April
The Consumer Price Index increased 0.2 percent for the month, according to the Bureau of Labor Statistics. While it’s not the only metric the Federal Open Market Committee considers, the increase could increase the odds that interest rates will rise next month.
Ivanhoé Cambridge JV Buys Chicago Office Tower
The company and its partner, Callahan Capital Properties, paid $145 million to acquire the 576,000-square-foot high-rise at 125 S. Wacker Drive in the city’s West Loop neighborhood.