Regions
Adient’s New Motor City HQ
The Johnson Controls spinoff bought the Marquette Building in Detroit’s historic financial district.
Hersha Closes Purchase of Ambrose Hotel for $48M
The Ambrose is located within the area’s 7.9 million-square-foot Class A office market and features a two-story, 82-space parking garage, an executive meeting room and a fitness center.
Magna International Invests $29M in Fourth SC Plant
The Canada-based company plans to build a 230,000-square-foot assembly facility in Spartanburg County to supply automobile seats to BMW.
Economy Watch: Job Openings Stable in October
For the 12 months ending in October, there were more hires than separations, yielding a net employment gain of 2.5 million, the Bureau of Labor Statistics reported.
RagingWire Invests $160M in Third Virginia Data Center
When complete in late 2017, the new facility will expand the firm’s footprint at its campus in Ashburn, Va., to about 650,000 square feet and 44 megawatts.
HFF Closes Sale of 151 KSF Office Asset in Denver Area
The 150,656-square-foot, Class A property is located in the northwest suburb of Broomfield.
Equinix Signs $3.6B Deal to Acquire 24 Data Centers
The acquisition will bring the company’s global footprint to 175 data centers in 43 markets across the Americas, Europe and Asia-Pacific.
RLJ Lodging Trust Trims Stake in NYC Hotels
The REIT sold two Manhattan properties for a combined $286 million.
UVI Preps for Mixed-Use Redevelopment Project in Seattle
Urban Villages Inc. plans to transform three buildings in the city’s re-emerging Pioneer Square neighborhood.
NCP Enterprise JV Buys Oakland Shopping Center
The partnership seeks to stabilize and reposition the Foothill Square Shopping Center, which was 95 percent occupied upon closing.