Deals
HCP to Spin Off HCR ManorCare Portfolio into REIT
HCP is spinning off its skilled nursing and assisted living portfolio to focus on its core growth businesses that offer more consistent returns.
HFF Closes $22M Sale of Light Industrial Assets in Charlotte
A JV between CIP Real Estate and CrossHarbor Capital Partners acquired the two industrial assets in the 700-acre Whitehall development.
Gregory Boat and Marina Continue Under the Lormax Stern Flag
The historic waterfront properties will carry on operations under new names as the new owner announces growth and expansion.
Washington Heights Portfolio Sold for $165M
The nine-building Manhattan portfolio brokered by Eastern Consolidated includes residential, retail and office assets.
Head-Turning Industrial Sale Closes in Orlando
The 669,000-square-foot CrownPointe I-IV has come under new ownership in one of the largest ever sales transactions in the city’s industrial market.
Marcus & Millichap Brokers Sale of Five Self-Storage Facilities in Oklahoma
A Florida investor is the new owner of a five-property, 1,876-unit Storage Station portfolio in Tulsa.
InvestCore Commercial Closes Sale of Garland Retail Building
In a $3.2 million deal facilitated by InvestCore Commercial, Next Play Firewheel sold the property at 200 Town Center Blvd. to an out-of-state investor.
CareTrust Adds Nursing Facility to Gem State Portfolio
The deal nets the new owner a constant revenue stream for the following 15 years.
Hersha Closes Sale of Hyatt Place in Philadelphia Suburb
The 129-key hotel, located in a vibrant submarket, was purchased by a joint venture between DoveHill and Wurzak Hotel Group.
Armada Hoffler Properties Snaps Up Shopping Center in Colonial Heights, Va.
The 220,000-square-foot Southgate Square sits 23 miles south of downtown Richmond and was 100 percent occupied at the time of purchase.