Deals
MAA, Post Properties Complete Merger
Headquartered in Memphis, the new company will reportedly be the largest Sun Belt-focused multifamily REIT in the country.
SBE Closes Purchase of Morgans Hotel Group
The transaction, valued at $805 million, more than doubles the number of hotels in the company’s portfolio.
QIA Pays $175M for The St. Regis San Francisco
The sovereign wealth fund of the State of Qatar acquired the 260-key hotel from Marriott International.
Downtown Denver Office Towers Command $154M
Franklin Street Properties has snagged the 613,527-square-foot Dominion Towers with the help of JPMorgan Chase Bank.
Big D Office Tower Attracts JV Buyer
Foundry Commercial and Intercontinental Real Estate Corp. purchased the 289,000-square-foot 8080 North Central Tower.
Self-Storage Demand Outpaces Supply in Northwest Florida
Passco Cos. and Perdew Investment Group secured a premium price for the Patriot Self Storage Portfolio in North Port.
CBRE Handles $121M Sale of Four Seasons in Vail
Barclays Capital sold the 121-room hotel, which it owned since 2009 and most recently renovated for $2.5 million.
Choice Hotels Expanding Portfolio to Greece in 2017
This agreement is one of several that Choice has participated in to expand the company’s reach throughout Europe over the last year.
HFF Closes Sale of Self-Storage Portfolio in Texas
The portfolio consists of four properties located in Austin, Denton, Fort Worth and Harker Heights, Texas.
Easterly Government Properties Acquires FBI Office Space
The firm’s purchase of the former FBI office in Albany completes a four-property portfolio acquisition.