Regions
Economy Watch: Consumers End ’16 in Confident Mood
The University of Michigan’s Consumer Sentiment Index came in at its highest level since January 2004, which bodes well for retailers and retail landlords.
Griffin Capital Snags $44M Office Building in New Jersey
The company acquired 10 Sylvan Way from Normandy Real Estate Partners and Partners Group.
Lightstone Secures Financing for Moxy Hotel
Lightstone’s four Moxy’s total 1,500 guestrooms, which includes the brand’s 618-room flagship U.S. property in Times Square that is scheduled to open in 2017.
Dalfen America Lands 450KSF Industrial Properties
Located in Cincinnati and the Minneapolis suburb of Rogers, the two assets were purchased for an undisclosed amount.
Economy Watch: GDP Growth Jumps in 3Q
The Bureau of Economic Analysis’ final estimate for third-quarter U.S. GDP growth was revised up to 3.5 percent, a considerable improvement from the final second-quarter estimate.
JV Acquires 2 Properties in SF Financial District
Kennedy Wilson and Takenaka Corp. acquired a 247,000-square-foot office tower and a 27,000-square-foot bank branch for $135 million.
HFF Seals Largest Portland Office Deal in 2016
The company marketed the asset on behalf of the seller, The Ashforth Co., and also procured the buyer.
Skanska USA Expands With New Hires, Appointments
Robert Ward has been appointed COO, and Mark Carroll will replace Ward as executive vice president for development operations.
Concord Hospitality to Build Hotel on NC Boathouse Site
The company plans to partner with local developers to open a 97,000-square-foot hotel as part of the Front Street Village.
New York REIT Lands $760M Financing, Prepares to Sell Assets
The proceeds will be used to repay debt, buy the remaining equity interest in Worldwide Plaza and fund the company’s dissolution.