Regions
Howard Hughes Announces 180 KSF Las Vegas Campus
The company has finalized a build-to-suit lease for Aristocrat Technologies Inc., which will relocate more than 600 of its employees to the new $45 million campus, slated for completion in late 2018.
Big Plans for NYC’s Out Hotel
Private lender Silver Arch Capital Partners provided a $30.4 million acquisition loan for the Midtown Manhattan hotel, which will undergo an extensive repositioning process.
Economy Watch: Office, Hotel Investment Has Recovered; Retail Has Not
In the first quarter of this year, non-residential investment increased at an annualized rate of 9.4 percent, according to Bureau of Economic Analysis data. And while the hotel and office sectors have more-or-less recovered to their pre-recession levels, the retail category is facing challenges.
EMMES Nabs OC Towers in $220M Value-Add Deal
The property marks the firm’s third acquisition in the Orange County market, although the company exited the region in 2015, when it sold 4000 MacArthur in Newport Beach.
Equinix Wraps Up $3.6B Data Center Deal
The company now owns more than 175 International Business Exchange assets totaling roughly 17 million square feet across 44 markets in the Americas, EMEA and Asia-Pacific.
Tech Company Inks Midtown Manhattan Lease Renewal
Technology solutions provider Eze Castle Integration signed the original lease for 17,491 square feet back in early 2006, and is one of the building’s oldest tenants along retail chain Best Buy and diamond company Jewelex.
Marriott Expands Modular Construction Initiative
The hospitality giant hopes to utilize the prefabrication process on roughly 13 percent of all deals for the region this year, which would be an industry first in North America.
Philadelphia’s Apartment Revival
With developers ramping up construction, multifamily demand remains strong, as the city continues to attract both Millennials and Baby Boomers looking to downsize.
Horizon Sells Oklahoma City Mall for $130M
The Outlet Resource Group and Singerman Real Estate snapped up the 400,000-square-foot retail property at 7624 West Reno Ave., which functions as the state’s only outlet center.
Ernst & Young Moves Into New SLC Home
Enhanced workspace flexibility is the top perk millennials seek and one of the key features of the new 14,500-square-foot office in the Gateway Tower West.