Deals
JV to Acquire and Manage Intertur Hotels
The joint venture aims to reposition and modernize the portfolio of 1,119 guestrooms through an investment program. Alua will manage the hotels and market them under its brand in 2018.
Out-of-State Investor Buys Retail Center in Katy, TX
Grand Crossing II is situated on one acre at the southwest corner of Interstate 10 and Grand Parkway, visible to more than 356,000 vehicles every day.
Orlando-Area Office Building Trades for $4M
Cushman & Wakefield’s advisory team facilitated the disposition of Seminole Springs Office Center, which was 65 percent leased at the time of the sale.
JV Acquires Portland Retail Portfolio
ScanlanKemperBard and Artemis Real Estate Partners acquired an 86,445-square-foot retail portfolio in the city’s Pearl District from Hoyt Street Properties. The properties are currently 94 percent leased.
SoCal Investment Firm Nabs 2 Las Vegas Industrial Parks
CapRock Partners purchased two multi-tenant industrial parks totaling 203,134 square feet. The newly purchased assets are located less than two miles away from the Las Vegas Strip.
HFF Closes Sale of Broadway Shopping Center
The tenant roster at the 74,604-square-foot power center includes Big Lots, Da Vita Dialysis, West Marine and Subway. More than 34,800 residents live within a three-mile radius of the property, while more than 64,000 vehicles pass by daily.
Dallas Office/Medical Complex Changes Hands
Pat Davis Properties bought the office park for $11.3 million. At the time of the transaction, the four-building campus was 82 percent occupied.
CCP, Sabra to Create Healthcare Giga-REIT
The combined company is expected to have an equity market capitalization of $4.3 billion and a pro forma market cap of about $7.4 billion.
Union Investment Snaps Up $154M Denver Asset
The Triangle Building, a 226,000-square-foot, uniquely shaped Class A office property in lower downtown, was 98 percent leased at the time of sale.
BLT Enterprises Buys 72 KSF Industrial Building in San Diego
The firm plans to increase the property’s parking ratio and modernize the asset located in Kearny Mesa. The submarket had the lowest vacancy rate of all Central San Diego’s R&D and industrial submarkets last year.