Business Specialties
Rockbridge Selects New Management for ME Hotel
Interstate Hotels & Resorts will oversee management operations at the 289-key asset in Portland’s Arts District. The historic property opened its doors in 1927.
Carlyle Group, Explorer Investments Acquire Portuguese Resort
The joint venture purchased the 194-key Penha Longa Hotel & Golf Resort in Sintra, Portugal. A CBRE team advised the buyers in the transaction.
Cook Medical Acquires 850 KSF Facility in NC
The medical devices manufacturer intends to relocate all local workforce to the former R.J. Reynolds Tobacco Co. plant in Winston-Salem’s Whitaker Park.
Welltower to Buy CNL Health-Care Portfolio for $1.3B
The REIT’s acquisition of 55 high-quality medical office buildings and outpatient facilities will expand its holdings by 3.3 million square feet.
Net Lease Retail Cap Rates Flat in Q4, Up for the Year
Industry participants expect an active market in 2019, as well as higher acquisition yields, The Boulder Group reports.
Preferred Office Properties Pays $209M for Charlotte Towers
The affiliate of Preferred Apartment Communities acquired two new Class A properties in the city’s SouthPark submarket.
Bond Collective Enters Houston Market
The coworking firm signed a lease for more than 25,000 square feet at Pennzoil Place, an iconic high-rise in the city’s CBD. Transwestern and Cushman & Wakefield assisted the parties in the deal.
Tradepoint Atlantic Receives $135M for 2 Industrial Buildings
HFF facilitated the financing of the build-to-suit Class A properties in Sparrows Point, Md., which are fully leased to Under Armour and Amazon.
Lee & Associates Brokers LA-Area Inn Sale
Y&C Pacific paid roughly $8 million for Good Nite Inn in Whittier, Calif. Andy Investment Co. sold the 102-key asset after three decades.
Meridian Group Purchases VA Office Building
The buyer plans to renovate the LEED Gold-certified property, which sits in the Rosslyn-Ballston Corridor and is well connected to the rest of the metro.