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The company states with those two lease deals on the books, the firm's approximately 11.2 million square-foot California industrial footprint has grown to 93.5% leased.
Nelson Knight, EVP and chief investment officer of Apple Hospitality, says, “Through these attractively priced transactions, we adjusted our market exposure in ways that we feel will further enhance the strength and stability of our hospitality platform.”
An office portfolio represented an opportunity to acquire a high-profile selection of assets in Tulsa's affluent southern submarkets as the buildings offer an alternative to the area's higher-priced office assets.
The city is working with Sea Oats Group to flesh out plans for the project which call for the hotel-conference center to be part of a new subdivision Cinnamon Shore recently began developing on State Highway 361.
Current MTA President Patrick J. Foye, a favorite Cuomo transportation appointee, was nominated by the governor as the new chairman of the MTA. Foye will succeed Acting MTA Chairman Fernando Ferrer.
Prologis forms a joint venture partnership with Stirling Development and will take a 50% capital stake in all Stirling Capital Investments, including the Southern California Logistics Airport.
Robert Koen and Stephen Friedberg, attorneys at the Mintz law firm, share some of the pressing legal issues and what they tell clients in previewing GlobeSt.com's upcoming Net Lease Event.