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Flagship Healthcare Nabs First Louisiana Property
The 55,000-square-foot medical office building in the New Orleans metro area was 72 percent occupied at the time of the transaction and is part of the campus of Lakeview Regional Medical Center.
Skanska Closes $56M Prague Office Deal
The 14,400-square-foot property is located near Andel, one of the busiest business areas in Prague, the Czech Republic. The buyer is a real estate fund managed by Triuva.
BofA Scores Naming Rights for Skanska’s Capitol Tower
The anchor tenant signed a 210,000-square-foot lease in April, covering six and a half floors. The lease features both office and 5,000 square feet of dedicated retail space.
SFO Grand Hyatt Hotel Takes Off
Construction has begun on the 351-key on-airport luxury hotel. The $237 million project is slated for completion in July 2019.
Hines, Ivanhoé Break Ground on Toronto’s CIBC Square
The project will comprise two buildings and a one-acre elevated park over the rail corridor. The first property is scheduled for completion in 2020.
Houston Office Tower Lands $164M Refi
JLL’s Tom Melody and John Ream procured the mortgage on behalf of the joint venture ownership, while Goldman Sachs provided the financing.
CBRE to Transform Atlanta’s 7000 Central Park
The 18-story office tower will undergo major upgrades and will join CBRE’s “5-Star Worldwide” program, a national network of top-tier office buildings.
Residence Inn by Marriott Expands in Pittsburgh
The 144-key Residence Inn Pittsburgh Oakland/University Place will be operated as a Marriott franchise and owned by MWK Forbes II.
John Campbell Appointed President of Francis Cauffman
The long-time principal will serve as president of the company. Campbell is a specialist in workplace programming, planning and design strategies.
Rexford Snags $36M SoCal Industrial Assets
The two fully leased properties are part of the South Bay and Orange County West submarkets, which had vacancy rates of 0.6 percent at the end of the first quarter of 2017.