Northeast

An aging housing stock, costly construction and the need for affordable housing will keep pointing investments to renovations and repositionings says Nate Kline, CIO of OneWall Partners.

The advertising firm signed a 17,175-square-foot sublease with Cadillac.

The legal CRE veteran's last position was as a partner at Dorsey & Whitney.

The New York City-based real estate investment manager bought the building at 521 Fifth Ave. from SL Green and Plaza Global.

Experiential management is a key part of strategy as clients seek to differentiate their assets.

Upon the closing of the deal, which is expected in the third and fourth quarter of this year, RoundPoint will become a wholly-owned subsidiary of Freedom Mortgage.

“Since Borgata arrived in the market more than 15 years ago, we have maintained a steadfast dedication to property growth and development, and we believe our new concepts confirm our position,” says Marcus Glover, resident and COO for Borgata Hotel Casino & Spa.

The expansion, which will boost Hyatt's luxury portfolio in the Asia Pacific region by 25%, will be comprised of seven new Park Hyatt branded properties and six hotels each under the Grand Hyatt and Andaz brands, as well as two Alila branded resort properties.