Deals
TownePlace Suites in Austin Sells for $20M
The asset is situated near Dell’s corporate campus, Samsung’s semiconductor facility and General Motor’s IT innovation facility. The Texas State Capitol, The University of Texas and The Domain are located just minutes away from the hotel.
Austin Office Development Nearing Full Occupancy
Third + Shoal broke ground in 2016 and is scheduled for completion in the third quarter of 2018. The project is more than 90 percent preleased to a mix of notable tenants.
USAA, Lowe Snag VA Office Complex
Park Center in Alexandria comprises three adjacent buildings totaling 566,000 square feet. HFF represented the seller and arranged financing for the transaction.
NJ Trophy Office Asset Commands $27M
Intercontinental Real Estate Corp. and Ivy Realty have disposed of Morris Corporate Center IV, a two-building office property in Parsippany, N.J.
Wyndham to Buy La Quinta for $2B
The transaction will expand Wyndham’s hotel portfolio to 21 brands and more than 9,000 properties, and result in the spinoff of La Quinta’s owned real estate assets into the newly formed CorePoint Lodging Inc., which will hold the distinction of being the only pure-play, publicly traded REIT focused exclusively on midscale and upper-midscale lodging.
Suburban Boston Office Park Commands $80M
Jumbo Capital and Sound Mark Partners have teamed up for the acquisition of Stony Brook Office Park, four interconnected buildings totaling 270,196 square feet in Waltham, Mass.
Manhattan’s Top 10 Office Deals of 2017
Although the first and last quarters of 2017 saw a decline in sales volume, the borough remains one of the priciest and most sought-after markets in the world.
Marcus & Millichap Brokers Sale of Bay Area Mini Storage
The Mele Group, the company’s self-storage team, marketed the 635-unit facility located in Corpus Christi. The team represented both the seller and the buyer in the transaction.
Montecito Snags 63 KSF Chicago-Area MOB
Built in 2008, Medical Pavilion South is a four-story health-care facility located on the campus of Franciscan Health Dyer Hospital.
NHI Acquires TX Nursing Facility
The facility—which opened its doors in November 2016—expands Ensign’s portfolio of 16 skilled nursing facilities located in Texas. The acquisition is the second of four to which NHI had previously committed.