CBRE
India’s OYO Hotels Plans $300M US Expansion
The fast-growing, “value-chic” hospitality chain already has a presence in Atlanta, Miami and several Texas cities, and expects to enter numerous new markets over the next few years.
Transwestern Adds Experts to Phoenix Office
Kate Morris and Vince Femiano, who collectively bring more than 50 years of health-care real estate experience, and Kevin Smigiel, are joining the firm from CBRE.
Industry Watches as Fed Says No Rate Cut—For Now
The Federal Reserve opened the door to an easing of monetary policy next month, which is good news and bad news for real estate investors.
Pittsburgh Casino Checks In With $60M Hotel
Rush Street Gaming will break ground on the 219-key project this summer, effectively laying the groundwork for the property to become a full-service gaming resort destination.
Strategic Real Estate Acquires NJ Office Complex
The company received a $53.6 million loan to purchase the more than 320,000-square-foot asset in Morristown. The building counts Travelers Insurance among its tenants.
CBRE: Global Office Occupancy Costs Still on the Rise
Spurred by tenants’ desire to attract and retain the best-of-the-best, average occupancy costs for premier office space increased 3.6 percent over a 12-month period, according to a new CBRE report.
Atlanta Office Property Trades for $120M
Farallon Capital Management and Crocker Partners intend to invest in renovations of the common areas and amenities at the 646,471-square-foot former headquarters of The Home Depot.
Meridian Welcomes Largest Tenant at Cotton Medical Center
Colliers International worked on behalf of the new tenant, private healthcare provider WelbeHealth, in signing a lease to occupy 14,200 square feet at the property.
CBRE Selected to Lease 6.3 MSF Chicago-Area Industrial Park
Formerly known as RidgePort Logistics Center, the buildings are located on 2,500 acres within 50 miles of central Chicago. The owner plans to greatly expand the park.
Armada Hoffler to Buy Baltimore Asset for $101M
The REIT will acquire Thames Street Wharf, a trophy office tower along the waterfront in the city’s popular Harbor Point development, from KBS.