ewmark Knight Frank appointed Miles Loo Jr. as executive vice president leading the firm’s Valuation & Advisory Data Center Solutions Group. Loo will base his team’s operations in the firm’s Los Angeles office, working on projects globally. Recently, the firm also added a new Managing Director to the same branch.

The Hampshire Cos. sold a 117,992-square-foot, four-building industrial portfolio in Connecticut to a private buyer.

The portfolio comprises two buildings totaling 45,500 square feet at 55 Old Ridgebury Road in Danbury, as well as a 22,138-square-foot asset at 81 Fuller Way and a 50,354-square-foot facility at 83 White Oak Drive, both in Berlin…

Hampshire Sells 117 KSF CT Industrial Portfolio

The American Society of Composers, Authors and Publishers (ASCAP) signed an 85,400-square-foot lease with Empire State Realty Trust for four floors at 250 West 57th St. in Manhattan.

The Class A office building features a total of 530,716 square feet and has an 18.2 percent vacancy rate, according to Yardi Matrix. Built in 1921, the property also includes 17,387 square feet of ground floor retail space. Empire State Realty Trust purchased the asset in 2013 from Helmsley Enterprises for nearly $170 million…

Cushman & Wakefield closed a $33 million loan on behalf of German company WealthCap for the repositioning of an office asset located in Rockville, Md., roughly 15 miles north of Washington, D.C. According to Yardi Matrix, the loan was originated and is held by East West Bank.

Zeller Realty Group selected JLL to lease a Class A, 620,000-square-foot office tower in Atlanta’s Fairlie-Poplar neighborhood. The owner is transforming 100 Peachtree into an urban center through a speculative office program, building modernization and on-site programming.

Located at 100 Peachtree St., the property represents Chicago-based Zeller’s second investment in the market. The real estate firm shelled out $90 million for the office asset in May and paid $54.7 million for Premier Plaza in December 2016, according to Yardi Matrix. Amenities at 100 Peachtree include 24-hour security, fitness center, conference facility and on-site dry cleaning…

Northwood Investors purchased 800 Corporate Pointe, a Class A office building in the lower Westside market of Culver City, Calif. Vornado Realty Trust sold the asset for $148 million. In March, Northwood also purchased the Ballantyne Corporate Park in Charlotte, N.C.

NKF’s Capital Markets West Coast President Kevin Shannon, Executive Managing Director Ken White, Senior Managing Director Rob Hannan and Managing Directors Michael Moll and Laura Stumm represented the seller. The buyer represented itself and NKF’s Executive Managing Director David Milestone and Managing Director Brett Green arranged the financing on behalf of Northwood…

Hurricane Irma, the strongest Atlantic basin hurricane ever recorded outside the Gulf of Mexico and the Caribbean Sea, stretched 650 miles from east to west and affected at least nine U.S. states. The hurricane made its initial landfall in the Florida Keys on Sept. 10 as a Category 3 storm and later made a second landfall at Marco Island on Florida’s west coast, triggering 6.3 million people to evacuate, flooding major cities and leaving millions without power.

PCCP provided a $41.2 million senior loan for the refinance and lease-up of Make, a 177,000-square-foot Class A office asset in Carlsbad, Calif. Mark McGovern and Scott Peterson of CBRE arranged the financing.

Arch Street Capital Advisors closed the sale of the Federal Bureau of Investigation Field Office in Salt Lake City.

Located adjacent to the Salt Lake City International Airport, the 169,542-square-foot mission critical facility is 100 percent leased to the United States General Services Administration on behalf of the FBI. The built-to-suite property was completed in 2012 and specifically designed and built for the FBI under a 20-year original lease. The Class A facility is backed by the credit of the U.S. Government and has 15 years of remaining lease term with no cancellation options through 2032…

Dropbox has signed a 15-year-lease at The Exchange on 16^th, a four-building, 750,000-square-foot development in the Mission Bay neighborhood of San Francisco, the largest single Class A commercial lease ever executed in the city.

Kilroy Realty Corp. signed the global collaboration platform company to take all 736,000 square feet of creative office space in the $560 million property. An additional 14,000 square feet of retail space is currently available…

Dropbox Inks Largest Single Office Lease in San Francisco

Westport Properties welcomed Benn Hall as vice president of acquisitions. The company, which operates self-storage facilities under the US Storage Centers brand, is planning to expand its footprint on the East Coast. Hall will be in charge of identifying new self-storage investment opportunities and will be based in Chicago.

“Ben brings significant experience in the self-storage real estate side of the business and has extensive relationships throughout the industry that will help him succeed in bringing new opportunities to Westport,” said Charles Byerly, president & CEO of Westport, in a prepared statement…

Hines will invest nearly $1 million in the exterior renovation of its 24th at Camelback office campus in Phoenix. The improvements are scheduled for completion by the end of the year.

With the assistance of HFF, Distinctive Hospitality Group just refinanced three Boston-area hotels totaling 623 keys. The commercial real estate and capital markets services firm arranged a loan with Bank of America, providing Distinctive with the proceeds to refinance existing debt on the three hotels and to reinvest in the assets.

“This was a win-win for all parties; the lender gets to book a loan on three high-quality hotel assets in the suburbs of Boston, and our client gets a competitive rate and sufficient proceeds to implement its long-term business plans,” Mark Remington, managing director with HFF, said in a prepared statement…

Lee & Associates coordinated a 3,900-square-foot renewal, relocation and expansion for lessee Piper Jaffray at Camelback Esplanade in Phoenix. The company previously leased 3,350 square feet of office space in the same building, for 23 years. In the new lease, which has a five-year term, CBRE represented the landlord.

Piper Jaffray needed larger premises to accommodate anticipated growth, while at the same time remodeling its offices. The company’s Phoenix office was established in 1991…

The owners of Airport Industrial Park, the largest office and warehouse complex in the state of Hawaii, have refinanced the 1.3 million-square-foot asset in Oahu, Hawaii, with a $165 million loan arranged by Sonnenblick-Eichner Co.

The 15-year, fixed-rate, interest-only loan is secured by Airport Industrial Park, a 12.5-acre, mixed-use property located adjacent to Honolulu International Airport. The financing was at 65 percent loan-to-value. While Sonnenblick-Eichner only identified the source of the loan as a domestic life insurance company, the Pacific Business News reported it was provided by New York-based Allegiant Real Estate Capital…

sbe opened its newest Mondrian hotels: the Mondrian Doha in Qatar and the Mondrian Park Avenue in New York City.

Mondrian Doha and Mondrian Park Avenue are the fourth and fifth Mondrian hotels globally, after properties in London, Los Angeles and Miami South Beach. The brand has plans to expand in Dubai, UAE in 2019 and Playa Del Carmen, Mexico by 2020…

sbe Debuts 2 Mondrian Hotels

Genera Corp., manufacturer and distributor of automotive OEM aftermarket parts and components, has completed a 10-year term lease on an industrial property in Bolger Business Center in Fontana, Calif. The deal was valued at $14 million.

Located at 13232 Valley Blvd., the 210,930-square-foot industrial building is owned by Bolger Family Trust, a private investor. Jon Reno, SIOR, CCIM, senior vice president & managing partner, and Trevor Gale, senior vice president of Kidder Mathews together with Conrad Madsen III, SIOR, partner of Paladin Partners, represented Genera Corp. in the transaction…

After the disposition of  Keystone Office Park in Durham, N.C., American Real Estate Partners (AREP) acquired a 192,000-square-foot office building in Washington, D.C.’s NoMad submarket. The purchase was made through the company’s Strategic Office Fund II LP in a joint venture with one of its institutional investors. According to public records, the property traded for $64.2 million and the sale was backed by a $31.4 million loan funded by Two Harbors Investment…

DC Office Building Trades, Seeks Rebranding

CBRE Capital Markets’ Institutional Properties arranged the sale of a 100,260-square-foot recently constructed office property in San Antonio. Radler Enterprises acquired the asset from SRP Holdings I LLC for an undisclosed price. Vice Chairman Gary Carr and Senior Vice President John Alvarado of CBRE and Cushman & Wakefield’s Todd Mills and Hunter Mills arranged the deal on behalf of the seller.

Showpad is getting ready to expand its footprint by opening a new office in the Windy City, which will be the third U.S. location for the Belgium-based tech start-up, after San Francisco and Portland. Showpad announced that it has settled on the Loop for running its operations.

The company is one of several that have chosen the Chicago market to put down roots, most recently General Growth Properties decided to relocate its 700 employees from its current office to 350 N. Orleans, which is undergoing renovations scheduled for completion in January 2018…

A joint venture between Boston Properties, Blackstone and Equity Office appointed Newmark Knight Frank as the leasing agent for Metropolitan Square in Washington, D.C.

Plaza Del Norte acquired The Courtyard I in Sorrento Mesa, Calif., from Courtyard Mira Mesa. The 50,405-square-foot office building changed hands for $9.2 million. At the time of sale, the property was 68 percent occupied.

Located at 6480 Weathers Place, on 2.3 acres, the asset offers convenient access to interstates 5 and 805. Tenants at The Courtyard I include Wells Fargo Home Mortgage, ACI Specialty Benefits and Cato Research…

Plaza Del Norte Buys San Diego-Area Office Asset

MedProperties Holdings has acquired the Harrison Street Portfolio, a diverse 10-state, 17-property, medical office building portfolio totaling 620,750 square feet, for approximately $230 million.

“We are attracted to the healthcare real estate space and dedicated to this space because it is a very profitable niche, driven by the health service sector,” Darryl Freling, MedProperties’ managing principal, told Commercial Property Executive. “We are active buyers and sellers in the space, and when this attractive portfolio became available, we competed for it. It has a good diversity of product type, is located across 10 states and it has good hospital affiliations.”…

Skanska is moving forward with the construction of its newest skyscraper, 2+U, a 38-story office tower in Seattle. The company announced it has completed the foundation of the upcoming downtown property.

The project, targeting LEED Gold, will offer:

• between 18,000 and 30,000-square-foot floorplates
• multiple tenant event spaces
• a bike club featuring secure bike storage
• maintenance and electric charging facilities
• a fitness and wellness studio

MidCoast Properties, a southeast brokerage firm specializing in self-storage transactions, negotiated a new deal in Georgia. Michael Morrison, an associate broker with the firm, represented the seller of Lawhorne Storage, a storage facility located in Sylvester. The property was listed for $1.6 million on MidCoast’s website and went to an out of state buyer.

Kramer Real Estate Investments acquired the W.D. Grant Building, a 135,000-square-foot office property in downtown Atlanta, listed on the National Register of Historic Places. The new ownership selected JLL to handle the leasing, management and restoration of the property.

The Denver-based company purchased the asset in a joint venture partnership with H2 Capital in a $7.9 million deal, public records show. An entity affiliated with Ready Capital Structured Finance facilitated the transaction through $10.4 million in acquisition financing set to mature in October 2020…

Sometimes you buy a building, sometimes you buy pieces of a building. Whatever works.

A partnership of Taconic Capital Advisors and Cohen Equities, both of New York, has acquired floors three through six of 801 Market St., a 695,130-square-foot, 13-story historic Class B office tower in Philadelphia’s Market East submarket. The deal was announced by JLL Capital Markets, which had secured a $96 million financing package for the buyers…

JLL Secures $96M for Philly Office Buy

A joint venture between Akridge and Corporate Office Properties Trust signed an 81,300-square-foot, 15-year lease at its upcoming 190,000-square-foot premier office building in the central business district of downtown Washington, D.C. The tenant is law firm Morrison & Foerster LLP, which is set to move in January 2021.

ASSET FEATURES

Although construction will break ground in the second quarter of 2018 and completion is expected in the first quarter of 2020, the property is already 45 percent leased. Located at 2100 L. St. NW, the future 10-story building will feature:

Group RMC selected CBRE to perform leasing services at Southwind Office Center, a seven-building, Class A office park in Memphis, Tenn. The team of Senior Vice President Ronald Kastner and First Vice President Patrick Reilly will spearhead marketing efforts on behalf of the owner, while Cushman & Wakefield will provide property management services for the office campus.

CBRE brokered the sale of Capitol Center, a 460,020-square-foot, Class A office building in downtown Columbia, S.C. A joint venture partnership between M&J Wilkow and Intercontinental Real Estate Corp. sold the asset to New York-based Hamilton Equity Partners. The new owners plan to renovate the 25-story property and selected CBRE as the exclusive leasing agent.

Vista Investment Group added a new asset to its office portfolio: Plaza 2020, a 10-story tower located in the Mission Valley submarket of San Diego. The property marks the company’s second acquisition in the area, following the purchase of an 80-unit community in La Mesa, Calif. Vista bought Plaza 2020 using a $16.6 million fixed-rate life company loan arranged by HFF.

Located at 5040 NW 7^th St., on a 1.76-acre site, the nine-story building was developed in 1986 and features a structured parking deck. 50Forty on 7^th underwent a $2.1 million renovation program after the previous owner acquired the lender-owned and nearly vacant asset from Citizens Bank in 2013. The repositioning strategy boosted the property’s occupancy to approximately 70 percent. Notable tenants include the City of Miami’s Internal Affairs Department, Career Source and Borinquen Medical Centers…

Russia-based PNK Group has kicked off construction of Southern Gateway at Lambert Farms, a spec industrial park that will ultimately provide 3 million square feet of state-of-the-art space in McDonough, Ga. The Atlanta industrial market is performing well and both national and international developers are taking note.

Highlands REIT selected CBRE to market the Orlando Distribution Center, one of the last available land sites zoned for industrial development in Southwest Orlando. The 101-acre property offers 4,000 linear feet of frontage on West Sand Lake Road.

Located in the southeast quadrant of West Sand Lake Road and Perimeter Road, the site can accommodate a wide range of industrial uses, including service center and flex with commercial exposure. The tract can accommodate large industrial facilities of up to 800,000 square feet and provide space for the new wave of statewide logistics centers…

Cushman & Wakefield negotiated approximately 25,000 square feet of office leases at Las Olas Square, a two-building, mixed-use complex in downtown Fort Lauderdale, Fla. The leasing activity coincides with the extensive improvement program owner Steelbridge implemented on the campus.

Hudson Advisors sold the Coconut Grove, a 49,500-square-foot retail center in Kailua-Kona, Hawaii to J.H. Real Estate Partners for $21.8 million.

Located next to the beach, at 75-5815 Ali’i Drive, the property sits on 5.5 acres of land. Coconut Grove is located between the area’s two main transportation corridors and is surrounded by more than 1,400 multifamily units. The center features ocean views, an oceanfront volleyball court and a plantation theme with craftsman-inspired wood finish throughout the buildings. Tenants include ABC Stores, Lava Java and Outback Steakhouse…

Following its recent acquisition, One West Court Square, a 159,705-square-foot office building in Decatur, Ga., new management took over. The owners, a joint venture among NORO, Pope & Land and Coro Realty Advisors, tapped Cushman & Wakefield to lease and manage the property. The team overseeing the leasing efforts is made up of Managing Director Aileen Almassy and Associate Laura Power. The property manager will be Siobhan McNichols.

CBRE South Florida Capital Markets brokered the sale of One Park Square, a 281,786-square-foot, Class A+ office tower in downtown Doral, Fla. New Boston Fund sold the asset to an entity affiliated with Boston-based institutional advisor TA Realty, public records show.

The Shopping Center Group closed on three new leases at One305 Central, bringing the Charlotte, N.C., retail center to full occupancy. Two local diner concepts, Yafo Kitchen and TRUE Crafted, along with Pilot Brewing Co., a startup brewery, will be coming to the Plaza Midwood neighborhood in spring 2018.

Colliers International negotiated the transaction of two industrial properties in the Indianapolis area, totaling approximately 500,000 square feet. One of the buyers is Exeter Properties, and the other one is Red Tail Investments.

The first facility is located at 998 Gerdt Court in Greenwood, Ind., on a 10-acre lot and encompasses 132,000 square feet of Class A industrial space featuring 32-foot height, a rear-load configuration and optimal column spacing. It is a brand-new building, completed at the end of 2016 for Shear Property Group, and is fully leased by Peltz Shoes and MaxLite…

Shortly after purchasing Palm Valley Marketplace in Phoenix, Ariz., Sterling Org. has acquired Huntington Square Plaza, a fully occupied grocery-anchored shopping center in Huntington, N.Y. The firm bought the property through its institutional core fund Sterling United Properties I.

The 126,000-square-foot asset occupies 10.9 acres and was built in 2002. National retailers Stop & Shop and Best Buy anchor the property, with both leases expiring in 2023…

Sterling Org. Expands Grocery-Anchored Portfolio

In a $9.8 million deal, Harrison Nichols Co. sold an 8.9-acre land site in Irwindale, Calif., to industrial developer CentralPoint Properties. DAUM Commercial Real Estate Services arranged the sale on behalf of Harrison Nichols, while JLL represented the buyer.

The property at 5265 4^th St. belonged to Harrison Nichols Co. for more than 40 years, and is currently leased to United Parcel Service (UPS) for vehicle storage. The buyer, CenterPoint Properties, will benefit from the site’s existing lease and its long-term goals include additional industrial development. Until then, the existing lease with UPS will supplement the cost of the site…

Ivy Realty selected CBRE to market two Class A office buildings totaling more than 130,000 square feet in Miami Beach, Fla. The owner embarked on an extensive improvement program after acquiring the assets in July 2016, public records show.

Located at 1688 Meridian Ave., on a 0.26-acre site on the corner of Michigan and Meridian Avenues, the 10-story office tower encompasses 96,870 square feet and was constructed in 1961. Additionally, the building includes 7,600 square feet of ground-floor retail space. The second office property is a five-story building situated at 1674 Meridian Ave., featuring 33,384 square feet of rentable space…

Waldorf Astoria Hotels & Resorts, a Hilton brand, has signed a management agreement with Ithaafushi Investments Pvt. to open Waldorf Astoria Maldives Ithaafushi, a 138-key hotel scheduled for completion in early 2019.

The opening of the five-star property will mark the first ground-up project for the Waldorf Astoria brand and Hilton’s second in the Maldives overall. Last year, Hilton announced plans to develop a Waldorf Astoria in San Francisco, slated to open in 2020 or 2021…

The repositioning of the former Promenade at Howard Hughes Center in Westchester, Calif., announced earlier this year, is halfway through. Laurus Corp., the company that acquired the retail center in mid-2015, invested $30 million in transforming the classic “brick-and-mortar” retail center into an entertainment destination for the entire community. Project completion is scheduled for the beginning of 2018.

A joint venture between Hines and New York Life Real Estate Investors has started construction of the Offices at Chandler Viridian, a six-story, Class A office building located at the intersection of Loop 101 and Loop 202 in the Phoenix submarket of Chandler, Ariz. The project is expected to become the tallest multi-tenant office building in the area.

Hilton Hotels & Resorts added a new building to their Washington, D.C. portfolio. A partnership between the hospitality company, Walton Street Capital and Waterton allowed the acquisition of Loews Madison Hotel.

The iconic building has been re-branded as The Madison Washington D.C., a Hilton Hotel. It is the third Hilton hotel in Washington, along with Capital Hilton and Washington Hilton. Earlier this year, the company expanded its NYC presence by launching Millennium Hilton New York One UN Plaza, a five-year renovation project of $68 million…