Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
BOCA RATON, FL-Thomas D. Wood and Company has secured $9.5-million financing for the Bayrock Portfolio, which includes bank properties and a six single-tenant restaurant.
WASHINGTON, DC-Developers are now not depending on banks for financing and thus trying out different financing options to continue construction as they sense demand in office space.
NEW YORK CITY-Fusion Telecommunications has renewed a lease for 9,744 square feet of space on the 19th floor of the New York Technology Building at 75 Broad St. for an undisclosed asking rent.
TAMPA, FL-Simply Healthcare Plans, Inc., a healthcare service provider to government programs such as Florida Healthy Kids and Medicaid, has leased 3,100 square feet of space at Anchor Plaza tower in Tampa.
MINNEAPOLIS-Pebblebrook Hotel Trust, a Bethesda-based REIT, has purchased The Grand Hotel Minneapolis at 615 S. Second St. from Istar Financial Inc. for $33 million.
ORLANDO-Hilton Worldwide has acquired the Hilton hotel at Walt Disney World Resort on Hotel Plaza Boulevard close to Downtown Disney from Tishman Hotel & Realty LP for $127.2 million on August 26, 2010.
CHICAGO-ACE Ltd. has put its Combined Insurance properties at 5051 N. Broadway and 5035 N. Broadway for sale through Auction.com for a staring bid price of $2.9 million.
PHOENIX-A Los Angeles-based realty firm Summit Equity Investments Inc. has acquired the 672-unit Autumn Ridge apartments in Phoenix at 1944 Thunderbird Road from Irvine-based ANF Autumn Ridge LLC for $27 million.
NEW YORK CITY-The New York Institute of Technology has inked a 15-year lease for five floors measuring 52,000 square feet at 26 West 61st St., where it already rents one floor.