Regions
New St. John Providence Medical Center Opens Its Doors
The 60,000-square-foot outpatient facility in Howell, Mich., bears the signature of developer MedCraft Healthcare Real Estate LLC, interior design firm Diekema Hamann and contractor CSM Group.
Jackson Square Office Building Changes Hands in SF
Seth McKinnon and Tyler Meyerdirk of CBRE Capital Markets arranged the sale of the five-story, 15,432-square-foot property in San Francisco. At the time of the transaction, the building was 92 percent leased.
Economy Watch: Banks Tighten CRE Lending in Q1
Banks cited a less favorable or more uncertain outlook for CRE property prices, vacancy rates or other fundamentals, as well as reduced risk tolerance as important reasons for tightening CRE credit policies in the first few months of 2017, according to the Federal Reserve’s latest Senior Loan Office Opinion Survey.
John Lo Joins CBRE as SVP
John will bring more than 23 years of experience in commercial real estate finance to his new role. Prior to joining CBRE, John worked for three years at JLL.
Defense Contractor Changes Base in Maryland
ELTA North America is tripling its footprint from the 7,500 square feet it occupied in Fulton, Md., less than 10 miles away from the new headquarters.
JV Completes $55M Hyatt Hotel Renovations
Thirty-eight Hyatt Place and Hyatt House locations underwent renovations that included upgrades to guestrooms, common areas, bathrooms and amenities.
GE Taps Consigli Construction for Historic Boston Asset Renovations
The company will rehabilitate the two, six-story assets that total 95,000 square feet. The campus will be built under the LEED v4 rating, with features including rain water treatment and a vegetated rooftop terrace.
Pepper Construction to Build IKEA’s First WI Store
The Swedish home furnishings retailer has secured contractors for the upcoming location in Oak Creek, Wis. The 291,000-square-foot IKEA store is due to open next summer, with 250 full-time employees.
Bridge, Premier Team Up to Build Distribution Facilities
The two buildings which will replace Schiller Park’s former bakery are slated for completion by the end of this year’s second quarter.
H.I.G. Closes $600M Real Estate Fund
The fund’s general partner and related parties were among the list of contributors, as was a $52 million co-investment vehicle. Fund III, launched in June 2015, has so far amassed a portfolio of eight assets accounting for 20 percent of the commitments.