Regions
Boston Fed President Airs Concerns About Risks to CRE
Speaking at a recent NYU Stern School of Business conference, Boston Fed President Eric Rosengren pointed to some favorable tailwinds accompanying rising CRE valuations, but stressed the importance of evaluating how a potential recession could affect the financial system.
One Liberty Sells Vacant Colorado Property
The company anticipates that the gain from this sale will be $6.5 million. The asset was previously occupied by Sports Authority.
JV to Acquire and Manage Intertur Hotels
The joint venture aims to reposition and modernize the portfolio of 1,119 guestrooms through an investment program. Alua will manage the hotels and market them under its brand in 2018.
Salon Loft to Open New Location in Chicago
Salon Lofts is the new tenant at 1101 W. Randolph St. and will join the other retailer in the building, Free People, in November.
Transwestern Retains Anchor Tenant at Chicago Office Building
Law firm Barack Ferrazzano Kirschbaum & Nagelberg LLP will continue to call the office tower at 200 W. Madison home for the next 15 years.
Office Tower Set to Rise at UD STAR Campus
JLL has been selected to lead leasing and marketing efforts for the 120,000-square-foot building, which is scheduled for completion by next year. The tower is estimated to cost about $40 million.
Ascend Hotel Collection Welcomes 6 New Properties
The firm plans to keep up the pace; the brand will open a total of 44 properties this year. Currently, there are more than 170 Ascend lodging destinations operating across the globe.
New Owners Rebrand Seattle High-Rise Project
Weber Thompson is serving as architect of the 41-story Arrivé. The tower is scheduled to be delivered in the first quarter of 2019.
Independence Realty Trust Aims High With New HQ
The firm moved its corporate offices to Philadelphia’s tallest skyscraper and currently occupies an entire suite at the recently refurbished Two Liberty Place.
Skanska Promotes Greg Zwiep to Operations VP
With 20 years of engineering, design and construction management experience, Zwiep will focus on the LA County Metropolitan Transportation Authority’s $1.8 billion Regional Connector Transit Project.