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MCR, which is headquartered in New York City and Dallas, acquired the 150-room hotel located nearby the Prudential Center, a major entertainment venue and home to the New Jersey Devils, for an undisclosed price.
The brokerage firm ranked the top 10 warehouse markets with the Inland Empire, CA leading the way with 23.4 million square feet in the ground and a 3.2% vacancy rate and 9.4% annual rent growth.
The partnership will inject capital for enhanced tenant amenities and activated outdoor corridors at The Terrace at Solana, infusing a work/life process to incorporate health and wellness features there.
There is strong investor demand for oil- and gas-related net lease assets in Oklahoma by coastal investors and in larger markets where investors are continuing to diversify holdings to chase additional yield.
Most office projects are delivered preleased as occupiers pursued a flight to quality, such as Fox's recent Harwood lease, as space is offset by move-outs of third-generation space in first and second quarters.
Tenet Healthcare Corporation leased the entirety of International Plaza I, a 13-story 372,000-square-foot class-A office tower located at 14201 N. Dallas Pkwy., located on the lower Dallas North Tollway.
With its reputation for being family friendly, safe and ranked among the best suburbs to live, Plano is attracting seniors who want to live closer to children and grandchildren.
The Luminary's expansion of more than 100,000 square feet includes a lobby lounge, a rooftop terrace with panoramic views and three floors of office space encompassing a total of 81,711 square feet.
As e-commerce and last mile logistics tenants continue to fuel a massive industrial space expansion, the location of Steelcase's buildings, access to employment and highways were big factors in choosing a site.