Deals
JRK Acquires $65M Hotel Portfolio in Austin
The L.A.-based firm will be investing more than $24 million in room and common-area upgrades.
Chattanooga Retail Asset Changes Hands
A FedEx office serves as anchor tenant for the fully occupied building close to the Hamilton Place shopping center.
Transwestern Sells Newly Built Warehouse
The facility in Franklin Park, Ill., was completed in December 2018 and benefits from Cook County’s 6b tax incentive.
Pebblebrook to Sell 2 Luxury Hotels for $331M
One of the properties reportedly traded for the highest price per key in Atlanta’s Buckhead district.
JV Enters High-Barrier Charlotte Submarket With $64M Acquisition
Somerset Properties and its joint venture partner are the new owners of a 1.4 million-square-foot distribution warehouse.
American Fine Food Relocates South Florida Operations
The international food distributor will occupy more than 147,000 square feet at a 300-acre, Class A industrial park in Doral, Fla.
Panattoni Sells Reno Industrial Park for $117M
Located in one of Northern Nevada’s hottest industrial markets, the 1.4 million-square-foot property encompasses four Class A buildings.
Vestar Sells Metro Phoenix Retail Center for $62M
The 245,000-square-foot Crossroads Towne Center was 99 percent leased at the time of sale.
KBS Sells Orange County Office Asset
A private investor paid $25.4 million for the Class B asset—nearly $4 million above the property’s last sale price in 2015.
Coach Closes Flagship NYC Store
While the news may have stunned passersby, landlord Vornado has already found a new tenant for the space.