Business Specialties
Abrams Realty Snags $55M PA Retail Power Center
HFF marketed the property on behalf of Urban Edge Properties and arranged a $50.4 million floating-rate acquisition loan for the buyer.
Hilton Launches New Embassy Suites in Montreal
Easton’s Group of Hotels is the owner and manager of the new 162-key Embassy Suites by Hilton Montreal Airport. The hotel provides studio and two-room suites.
Strawberry Fields Buys KY Rehabilitation and Nursing Facility
Located at 1015 Magazine St. in Louisville, Ky., the 1962-built property was renovated between 2012 and 2014. Landmark Group is currently leasing and managing the asset.
Stable Industrial Investments Spur Sale-Leaseback Deals
A Marcus & Millichap report found that the new federal tax laws that favor leasing over owning also contribute to a growing number of industrial sale-leaseback transactions.
Novaya Real Estate Ventures Buys $12M Boston-Area MOB
Located at 340 Wood Road, the asset is fully leased to more than 10 tenants, including Milton Pediatrics, MassGeneral Hospital for Children and South Shore Hospital.
Simon Property Group to Spend $4B on Experiential Upgrades
The retail and mixed-use property developer will transform some of its most notable assets with a mix of new offerings ranging from progressive restaurant concepts to premier hotels.
Raleigh-Area Homewood Suites Opens Doors
Parks Hospitality Group owns and operates the 108-key, all-suite hotel. The ground-up, six-story construction project kicked off in early 2017.
Silicon Valley Office Campus Lands $71M Refi
CBRE has arranged the financing on behalf of Rockwood Capital and Four Corners Properties, the owners of The Junction at Montague, a four-building, 262,110-square-foot property in San Jose, Calif.
Greenfield Partners Sells Baltimore-Area Office/Flex Asset
The Class B facility located in Columbia, Md., traded for $5 million. The new owner occupies roughly 84 percent of the property.
Miami-Area Shopping Complex Fetches $12M
Walmart is the anchor tenant of the 2016-built Palmetto Design Plaza and has 17 years remaining on its lease with 16 five-year options.