Capital improvement
JRK Acquires $65M Hotel Portfolio in Austin
The L.A.-based firm will be investing more than $24 million in room and common-area upgrades.
Axonic Capital, Edgehill Partners Acquire Virginia Office Portfolio
Over the past three years, the former owner spent $6 million on capital improvements at the 14-building property.
US Foods Renews Lease at Suburban Chicago Office Campus
Adventus Realty owns three of the business park’s buildings, which are currently undergoing renovations.
Rockwood Capital Buys Historic Santa Monica Building
The 58,000-square-foot office asset last changed hands in 2017 for more than $52 million.
Shockwave Medical Boosts Silicon Valley Presence
The medical start-up grew its Santa Clara footprint by some 50,000 square feet.
CenterPoint Grows Bay Area Industrial Footprint
The new owner plans to undertake a capital improvement program at the vacant facility.
8 Tips to Turn Class B, C Offices More Energy Efficient
The latest Urban Land Institute report details low-to-no-cost measures to maximize these buildings’ performance.
Skanska Lands $48M Connecticut University Contract
The company will build a new home for the university’s health and human services departments.
Macy’s Store Closings: What You Need to Know
Nearly 30 of the retailer’s 641 locations will shutter following a moderate decline in comparable sales through the holiday season.
NKF Arranges Sale of 132 KSF Alexandria Office Building
Executive Managing Directors James Cassidy and Jud Ryan closed the deal. Altus and Ascentris purchased the Class A property.