Regions
Economy Watch: Consumers Less Optimistic Despite Economic Growth
Consumer confidence about short- and long-term economic prospects declined in April, according to the Conference Board’s latest Consumer Confidence Index,
Starwood Launches Uptown Suites Brand
The first location has opened in Concord, N.C., with more than 10 Uptown Suites properties slated to open by 2019.
Hanley Closes Sale of LA Fitness in Chicago Area
The 37,000-square-foot facility at 620 North York St. was finalized last year. The tenant signed a 15-year primary lease with a number of option periods.
Garment District Office Tower Close to Full Occupancy
In a deal brokered by the Kaufman Organization and Adams & Co., Shanghai Shenda America recently inked a 12,015-square-foot, full-floor lease at 550 Seventh Ave., following showroom expansion plans.
Downtown Nashville Land Hits the Market
Zoned for a range of uses, the site could accommodate residential, office, retail or all of the above. The increasingly high-profile nature of the market is resulting in continuous growth of capital investments.
Kennedy Wilson, Euro-Affiliate to Combine Into $8.2B Entity
The transaction is expected to close during the third quarter of 2017. The deal will reportedly create a global portfolio of more than 400 properties with an enhanced geographic mix and broad diversification across real estate sectors.
Seattle’s Banner Year
The city’s vibrant economy has produced job growth in a broad range of sectors, supporting housing demand and kickstarting an apartment boom, Yardi Matrix data shows.
Colliers Lends a Hand in $60M MOB Package Deal
The 10-building Blackstone Valley Medical Office Portfolio encompasses 301,700 square feet of institutional-quality, Class A medical office space located across three Rhode Island submarkets.
Terreno Realty Lands Seattle Distribution Building
The company paid $5.9 million to acquire the 35,000-square-foot property, which is located at 25-29 South Hanford St. in the SoDo district.
Self-Storage Asset Changes Hands in Maricopa County
Marcus & Millichap closed on the sale of a 26,875-square-foot self-storage property comprising 250 units. Yardi Matrix data shows that the facility traded for $2.4 million.