Regions
Matrix Monthly: 2015 Rents Exceed Average
The Yardi Matrix Monthly report for December 2015 revealed a year-over-year increase well above the national historic averages.
Williamsburg Mixed-Use Sets Sights on 2016
Heritage Equity Partners and Rubenstein Partners have submitted plans to develop 25 Kent Ave., a proposed 480,000-square-foot project.
NGKF Picks Up Former Cushman Affiliate
Newmark Grubb Knight Frank has acquired Cincinnati Commercial Real Estate, an established real estate group that handles office, industrial and retail leasing and investment sales.
New D.C. Hampton Inn & Suites Ready to Play Ball
Hampton Inn & Suites by Hilton Washington, D.C.-Navy Yard has made its debut in the nation’s capital, adding 168 guestrooms across from the Nationals Park baseball stadium.
Gencom Closes Caribbean Resort Disposition
The Florida-based hospitality and mixed-use real estate investment firm and its partner, Private Equity Group, have sold the 295-room Marriott Grand Cayman Beach Resort in the Cayman Islands.
Self-Storage Operator Adds to Portfolio
StorageMart has acquired self-storage facilities in three states, adding 57,381 square feet of storage space and 2,690 units to the company’s portfolio.
Skanska to Continue Boardwalk Reconstruction
Skanska, the global construction company, has signed a $63 million contract to continue reconstructing nearly six miles of Rockaway Beach Boardwalk, which was destroyed by Superstorm Sandy.
First Potomac Starts Selling its Suburban Portfolio
First Potomac Realty Trust sold off three Virginia office and business park properties after announcing earlier this year that it planned to sell at least $200 million in assets.
Optibase Makes $12.9M Investment in Chicago
Optibase Chicago invested $12.9 million in 300 River Holdings, the owner of the rights to a 23-story Class A office building at 300 S. Riverside Plaza.
NJ Finishes 2015 with Strong Office Leasing
Bolstered by a strong fourth quarter, office leasing in New Jersey hit its highest annual total in a decade, according to Cushman & Wakefield.