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Hanerfeld, who leased more than 4 million square feet of office space since 2008 when he joined Cushman & Wakefield, will report to Mike DiBlasi, the newly appointed managing director of CBRE's Tampa office, who left Feldman Equities and joined CBRE in February.
With this promotion, DeMartino will oversee all development operations for the Greater Boston region, including land acquisitions, development, design, construction management, leasing and divestment.
Despite broad gains in the real estate capital markets, higher interest rates hit retail net lease. The good news is that falling rates have raised its outlook.
The initial portfolio will comprise 38 hotels consisting of 27 Hyatt Place properties and 11 Hyatt House hotels located in the US, with a total of 4,950 rooms and an appraised value of about $720 million.
Miami-based Flagler Global Logistics, an integrated, third-party logistics provider and real estate developer, already owns 500 acres of land that borders the Turnpike Transfer site, where it is developing Countyline Corporate Park.
Marilyn Hansen has joined TRI Commercial/CORFAC International in Walnut Creek as senior director with more than 30 years' experience in investment and leasing advisory.
The Phoenix office market recorded 1.05 million square feet of net office absorption in the first quarter with new leases accounting for 900,000 square feet.
“Value-add multifamily is still in high demand,” says Marcus & Millichap's Clarke Talone. “Buyers are willing to accept low current returns for an opportunity to improve a property and generate higher rents.”