Investment
PCCP Buys Portland Office Property for $97M
Park Square offers 296,000 square feet across two buildings in the city’s central business district. Urban Renaissance Group will manage the complex, which was substantially renovated in 2016.
Orlando-Area Office Building Trades for $15M
Exeter Property Group has purchased the Class A, 92,127-square-foot asset in Seminole County. CBRE negotiated the deal on behalf of the seller.
Q&A: Discipline Is Key in the Era of Flexible Capital
Admiral Capital Group Co-Founder Daniel Bassichis discusses the changing capital stack and how investors can manage risk in this competitive, late-cycle economy.
Marcus & Millichap Arranges AK Storage Sale
The company’s Fort Worth office brokered the $1.3 million sale of The Storage Place, a roughly 47,000-square-foot self storage facility in Little Rock.
Ashford to Pay $275M for Hotel Management Platform
The Dallas-based company has agreed to purchase the platform from Remington. The business provides services for two Ashford-advised REITs and oversees nearly 90 hospitality properties.
Hospitality Properties Trust Buys $2.4B Portfolio
The company has acquired the 12 million-square-foot collection of assets from Spirit MTA REIT. The properties are net leased to tenants in a wide range of industries across 43 states.
DRA Advisors JV Buys San Francisco Office Park for $265M
Marina Village’s new owners have tapped JLL to spearhead leasing and are primed to transform 200,000 square feet of the 1 million-square-foot property’s available offerings into premier life sciences space.
Waterman Interests, USAA Real Estate Sell NYC Towers for $138M
The partners owned the two office buildings in Manhattan’s Midtown West neighborhood for four years. Qatar-based Alduwaliya is the new owner of the nearly fully leased assets.
Las Vegas Office Asset Changes Hands for $20M
The 58,950-square-foot Crossing Business Center VII previously traded less than a year ago, when Moonwater Capital purchased it as part of an $82.8 million, seven-building portfolio transaction.
Denver Office Building Changes Hands
Stabilis Capital Management sold Monaco Tower after holding it for five years. The property is located within 7 miles of downtown.