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    The transaction closed at $2.5 million. The 13,122-square-foot asset is located in Niles, Ill., and is fully leased by MobilityWorks, a provider of wheelchair accessible vans.

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    Located in the heart of Silicon Valley, the 145-key hotel extends Hilton’s NorCal Homewood portfolio. The extended stay facility feature a unit mix of studio, one- and two-bedroom apartments.

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    The company will rehabilitate the two, six-story assets that total 95,000 square feet. The campus will be built under the LEED v4 rating, with features including rain water treatment and a vegetated rooftop terrace.

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  • Suburban Atlanta Office Park Commands $14M

    CBRE’s Tony Swann and Craig Taylor represented the seller in the transaction, while Mariano Perez of Grandbridge Real Estate Capital arranged the acquisition financing on behalf of the buyer/borrower.

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  • Industrial Demand

    Compared to April 2016, new orders increased for all industries except for Furniture and Related Products, which went down by 2.1 percent.

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  • Mega Project Makes History in Nashville

    OliverMcMillan and Spectrum | Emery have begun construction on Fifth + Broadway, a $430 million mixed-use development in the city’s downtown, which will include the new National Museum for African American Music.

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  • Kimpton to Open First Charlotte Hotel

    Kimpton Tryon Park Hotel is set for a fall opening in the city's central business district. Industry veteran Robert Hannigan will serve as the property’s general manager.

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