Keith Loria
What’s in Store for the Big-Box Market?
Acquisition yields held steady at 5.7 percent last year, with many of the core regions posting cap rates at or near 5 percent, according to the latest Colliers International outlook.
Hines Buys Iconic Greece Office Asset
The company expanded its Athens footprint with the addition of a roughly 27,000-square-foot building, home to the Brazilian and Portuguese embassies, as well as Mastercard.
Silverstein Properties, Partners Pay $452M for Philadelphia Tower
Acquired in a JV with Arden Group and Migdal Insurance, 1735 Market Street marks Silverstein’s first office investment outside Manhattan.
Madison Marquette Merges With Roseview Group
The investor and developer joined forces with the Boston-based boutique institutional real estate investment and advisory firm. Vince Costantini will serve as CEO of the combined entity.
Transwestern Sells Multi-State Industrial Portfolio
A foreign institutional buyer acquired 21 logistics facilities comprising 3.5 million square feet in Illinois, Ohio, Indiana and Kentucky.
Orlando Hotel Welcomes First Guests
Sunbelt’s new Home2 Suites by Hilton is situated less than 3 miles from the Orlando International Airport and close to the area’s major theme parks.
DAD Acquires San Diego Hotel for $86M
The purchase of the 353-key Marriott Mission Valley marks the company’s first California foray. The owner also plans to develop a second property on the same site.
OC Shopping Center Lands $101M in Financing
George Smith Partners facilitated the non-recourse bridge debt for DJM Capital Partners, with the package replacing existing senior and mezzanine loans.
Former Toys R Us Headquarters in NJ Changes Hands
The ownership group that acquired the property plans to transform the 621,000-square-foot campus built in 1962 into a multi-use site.
Skanska to Build Scandinavia’s 1st Net-Zero Hotel
Working on behalf of Fabege, the company will develop a $51 million property in Solna, scheduled for completion in 2021.