Regions
Hilco Real Estate to Market Bank-Owned Portfolio
The asking price for the 10 assets is approximately $8.9 million. Seven properties are located throughout the Chicagoland area, while the remaining three are in Northwest Indiana.
Economy Watch: IMF Ups Forecast for 2017 Global Growth
Gains in infrastructure and trade support the IMF’s prediction for greater global economic growth than previously expected. However, risks to the forecast remain, such as widespread protectionism and a withdrawal from multilateralism.
1776 On The Green Trades for $33M
Vision Real Estate purchased 1776 On The Green from Deutsche Asset Management in a $33 million transaction and plans on modernizing the office building.
Mixed-Use, Industrial Developments Underway in San Diego
RAF Pacifica plans to develop a 26,000-square-foot mixed-use project and a 169,087-square-foot industrial R&D facility in two of the city’s submarkets by 2018.
1 Hotels Debuts in Brooklyn
The 194-key, sustainability conscious property chose Earth Day for its grand opening. This is the flag’s first ground-up build, flagship property in the area.
Carnegie Hall Tower Lands $325M Refi
This marks Singer & Bassuk’s fifth financing arranged for the 60-story skyscraper since 1988. The César Pelli-designed iconic building won an Honor Award from the American Institute of Architects.
Meraas to Debut 4 New Hotel Brands in Dubai
The company is not alone in its bid to enhance the city’s hospitality market, as the metro sports the largest guestroom pipeline of any city in the world.
Omni to Develop 1,050-Key Hotel on Boston’s Waterfront
The two-tower property, which will be located directly across the street from the Boston Convention and Exhibition Center, is expected to open in early 2021.
Santa Clarita Shopping Center Trades for $70M
The 153,686-square-foot center, which is 95 percent occupied, traded in an off-market transaction brokered by Colliers International.
C&W Taps New Eastern Asset Services Lead
Dan Pufunt will focus on client care, team engagement, cultivating best practices, executing consistent processes and procedures and recruiting top industry professionals.