Deals
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.
405 Park Ave. Gets Two New Owners, Plans for a Makeover
Deutsche Asset Management teamed up with MRP Realty to acquire the 17-story office and retail building in Manhattan’s Plaza District.
Two Corporate Pointe Office Buildings Acquired by Olive Hill Group
With creative office space the new growth sector in Silicon Beach and its neighboring areas, the company is set to reposition its new assets.
Strategic Storage Trust II Expands in Metro Miami
Strategic Storage Trust II acquired a 530-unit self-storage facility at 525 SW South Macedo Blvd. in Port St. Lucie, Fla.
MCSS Buys Prime Location for Upcoming Project in Miami-Dade
Miami City Self Storage is one step closer to its goal of developing 20 self-storage projects in South Florida with its latest acquisition in the rapidly-growing city of Doral, Fla.
Passco Buys Healthcare-Anchored Upscale Community for $53M
Proximity to the country’s second largest hospital is a considerable advantage for The Ivy, a 248-unit apartment community at 2650 Dade Ave. in Orlando.
NAI Global Now Has Closer Ties to Cap Markets Sibling
C-III Realty Services has been renamed NAI Global Capital Markets following the combination of the two commercial real estate firms.
Paramount Gets New Loan for Midtown Manhattan Office Tower
Paramount Group Inc. has completed the refinancing of 31 W. 52nd St. with the help of Eastdil Secured.
Citi Habitats Acquires Miron Properties
Miron’s two Brooklyn locations will be rebranded as Citi Habitats offices.