Regions
Moore’s Food Resources Establishes Roots in Greenville County
The natural foods provider is planning to create a new 131,200-square-foot facility in Piedmont, S.C. The company will bring $15 million in capital investment to the city and is expected to create 182 new jobs.
Henkel, Dentsu Aegis Ink Lease at Upcoming LA Office Project
Carl Muhlstein and Hayley Blockley of JLL and IDS Real Estate Group’s Dave Saeta and Rob Fuelling arranged the leases at C3 at Culver Pointe.
Hyatt Place Portland Completes Renovations
The 130-key hotel completes the $1 million renovation plan that included improvements to the guest rooms and public spaces, as well as the addition of an exterior soundproofing solution incorporating recording-studio-quality glass.
Prescient Taps New CEO
Magued Eldaief will replace Satyen Patel. Eldaief previously served General Electric for nearly three decades in positions of increasing responsibility.
DC Hotel Joins Hilton’s Curio Collection
Seven other properties around the globe, including the H Hotel Los Angeles, The Marquette in Minneapolis and The Statler Dallas, will be joining the collection soon.
Economy Watch: Construction Employment, Costs Pushing Upward
The March construction unemployment rate was the lowest on record, matching the 8.4 percent rate in March 2001, according to Markstein Advisors Chief Economist Bernard Markstein, who conducted the analysis for Associated Builders and Contractors.
Robbins Electra Lands Eighth Charlotte Property
The Tampa-based owner-operator purchased Pavilion Crossings, a 408-unit community that will be rebranded as Grand Reserve at Pavilion. The property will undergo a $3.6 million renovation process.
NGKF Arranges $10M Scottsdale Office Park Sale
Managing Director Erik Marsh and Associate Nicole Iglehart represented both parties in the disposition of the nearly 65,000-square-foot Turnstone Office Park.
RMR Group Nabs $57M Hampton Roads Asset
The Boston-area trust acquired the 288,000-square-foot office building from local developer Buddy Gadams. The property houses ADP, a New Jersey-based human resources firm.
Cambria Hotels Debuts in California
The 152-key property near Los Angeles International Airport is the first of several projects the brand plans to open in the area.