Business Specialties
Real Estate for the Long Run
Current market conditions and history favor investors with upper single-digit return expectations over a 10-year hold and an ample debt coverage cushion.
Navigating the New Opportunity Zones
Initial reviews of the federal Opportunity Zones Program suggest that it presents attractive incentives to infuse capital into underinvested areas. Do those opportunities outweigh the new initiative’s challenges?
Madison Marquette, PMRG’s Big Merger: What’s Next?
Madison Marquette Chairman Amer Hammour offers insights into the company’s merger with PMRG, the company’s goals over the next year and how he’s preparing for the end of the economic cycle. (next turn of the market)
24 Hour Fitness Signs Long-Term Houston Lease
Patrinely Group, USAA Real Estate and CDC Houston inked the deal. The fitness establishment will occupy 38,000 square feet at CityPlace in Springwoods Village.
$200M Outpatient Center Breaks Ground in PA
The new medical facility will be LEED Silver-certified and will double the square footage of Penn Medicine’s previous Radnor location.
Trammell Crow, CBRE Alums Launch New Firm
The real estate health-care venture, an affiliate of Fidelis Realty Partners, will develop and acquire high-quality medical properties in the Houston and Dallas-Fort Worth markets.
CIT Group Provides $35M for Manhattan Office Project
The six-story development will feature more than 74,000 square feet of medical office space, providing convenient access to the area’s hospitals, medical schools, research centers and outpatient facilities.
Carter Validus Acquires AR MOB Portfolio
Four of the five medical office buildings included in the sale are occupied by Saline Hospital, while the fifth facility is leased to National Park Endoscopy Center.
The Mosaic Co. Relocating to Iconic Tampa High-Rise
The company will move its headquarters from Minnesota to Bank of America Plaza. The deal marks Tampa Bay’s first Fortune 500 corporate relocation.
Atlanta Airport Hotel Changes Hands
Alex Brown Realty sold the DoubleTree by Hilton property to a joint venture led by Hersha Hospitality Management for more than $23 million.