Grand Hotel in Minneapolis Sold by Pebblebrook Hotel Trust at a Loss
Yesterday I received the following press release entitled “Pebblebrook Hotel Trust Completes Sale of the Grand Hotel Minneapolis”. But curiously, the release does not mention who purchased the property – or what brokers were involved. It’ also interesting that the hotel’s website appears to be offline …
Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, congratulated eight network sales professionals for ranking among the top 250 Latino agents by number of transactions in the U.S., as tracked by the National Association of Hispanic Real Estate Professionals® (NAHREP®).
HFF announces the sale of Willow Creek Corporate Center, a seven-building, Class A office park in the thriving tech submarket of Redmond, Washington.
HFF Announces Sale of Willow Creek Corporate Center
The HFF team represented the seller, and procured the buyer, Preylock Real Estate Holdings.
Willow Creek Corporate Center comprises 421,785 square feet spread across seven fully leased buildings. The campus is located in the supply constrained North Redmond submarket of Seattle, just minutes from Microsoft’s world headquarters.
The HFF investment advisory team representing the seller included Michael Leggett, Dave Otis Logan Greer and Kevin Freels.
About Preylock Real Estate Holdings
Preylock Real Estate Holdings are owners, operators and developers of commercial and residential real estate primarily located on the West Coast. They utilize a relative value approach to real estate investing, identifying unique investment opportunities in highly targeted, supply constrained markets. Generally, they seek to acquire assets that trade at a discount to replacement cost and/or comparable assets in neighboring sub-markets. The company is currently focused on the acquisition of value-add and core plus office buildings in major West Coast sub-markets. Preylock’s sponsors have a combined 26 years of commercial real estate investment experience, including experience with institutional real estate investment partners. To date, Preylock has acquired assets totaling approximately two million square feet, investing approximately $700 million. About HFF
HFF and its affiliates operate out of 26 offices and are a provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
Finding the perfect office space is one thing. Turning it into the ideal workable space is a whole other task. The layout and design of the area are what can genuinely attract an employee not just to come and work for you, but to enjoying working there.
Walking into an office that is dark, crammed with nothing appealing around, it will be hard to keep employees happy. However, an office that is open, bright, has lots of windows and features to it, you’ll notice your staff might actually enjoy walking into work.
Since designing the perfect office space can be tricky, here are a few points to help you out. Continue reading “Here’s How You Can Create the Perfect Office Space”
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It seems that there are A LOT of people in the San Diego real estate industry who are worried about the San Diego real estate market. Could it be that the San Diego real estate bubble is about to burst – AGAIN? We just don’t know – do we?
Anyone who has been through a real estate cycle knows that what goes up, must come down and there are a number of factors that affect a local real estate market. Jobs, the economy, public perception, affordability (or lack thereof), interest rates / cost of money are all factors in the strength and health of San Diego real estate. The political unrest in our country is beyond unsettling. There are even leftist groups calling for anarchy here in our own country. Qualcomm is still the largest employer in San Diego outside of the military and they are currently going through a big shakeup after President Trump quashed Broadcomm’s hostile takeover bid. Continue reading “Is The San Diego Real Estate Bubble About to Burst?”