Deals
Huff, Niehaus & Associates Arranges Sale of KY Hotel
Dhami, Sohal & Sehgal Properties sold 101-key Hampton Inn in Horse Cave for $4.4 million. The new owner plans to renovate the building.
National Distribution Centers Leases 864 KSF in CA
Newmark Knight Frank represented Industrial Property Trust in the leasing of Perris Distribution Center, a Class A industrial building slated for LEED Silver certification.
Behind the Soaring Demand for Scottish Hotels
Resilient to wider geopolitical headwinds, the Scottish hotel market is attracting an increasingly larger amount of capital, especially from the U.S. and India. The relative weakness of the pound sterling and the sharpness of yields are some of the factors behind this trend, according to Steven Fyfe, associate in the hotels team at Savills Scotland.
Suburban Boston Tech Campus Trades for $46M
The seven-building Marlborough Technology Park in Marlborough, Mass., is home to a diverse and strong tenant roster that includes Cavium Inc., ViaSat, Oracle and Roche.
Watkins Breaks Ground on New AL Retail Center
A Publix-anchored shopping center broke ground in Huntsville, Ala. The $12 million development is scheduled for completion in the first part of 2018.
Fort Worth 177 KSF Office Building Changes Hands
Frontier Equity acquired One Ridgmar Centre, a 10-story office building in Fort Worth, Texas, from Navstar Commercial. Transwestern represented the seller in the transaction.
Vacant 840 KSF Industrial Building Sells in Vacaville, CA
The buyer’s investment strategy includes a comprehensive capital improvement plan to make the facility, located at 700 Crocker, attractive to Bay Area tenants.
Morgan Stanley to Buy Mesa West Capital
With more than $5 billion in gross assets under management, the Los Angeles-based lender will keep its name and will operate as a separate business unit.
Global Medical REIT Pays $41 to Enter Austin Healthcare Market
The 59,000-square-foot, 50-bed facility is currently leased to a joint venture between subsidiaries of Kindred Healthcare and Seton Healthcare.
Cushman & Wakefield to Manage GA Office Building
Managing Director Aileen Almassy and Associate Laura Power will oversee the leasing efforts at One West Court Square in Decatur, Ga. Siobhan McNichols will serve as property manager.