Investment
Hines Sells Cincinnati Office Property for $81M
Viking Partners Fund IV has teamed up with DRA Advisors to acquire a 404,000-square-foot property in the Kenwood submarket.
Demand for Renewable Energy Fuels Investment
Prices for wind and solar in power purchase agreements generally edged downward during the first quarter, according to Level10 Energy.
Innovation, Talent Attract CRE Capital
The world’s most tech-savvy and talent-rich cities—including San Francisco, London and San Jose—command a greater portion of real estate investment, according to a new JLL report.
Park Hotels & Resorts Reopens Caribe Hilton in Puerto Rico
The 652-key hotel in San Juan underwent a massive renovation after it was heavily damaged by Hurricane Maria in September 2017.
WeWork Launches $2.9B Investment, Management Platform
The We Co. teamed up with Ivanhoé Cambridge to create ARK, which will focus on acquiring, developing and managing real estate properties in global gateway cities and high-growth secondary markets.
HFF Arranges $42M Loan for South Florida Hotel Purchase
A joint venture led by DoveHill Capital Management used the proceeds to help fund the $66 million acquisition of the 236-key Renaissance Fort Lauderdale Cruise Port Hotel in Fort Lauderdale.
RealOp Enters Atlanta Market With Office Deal
The company enters the Atlanta market with the purchase of three single-story office parks in the northeast submarket and Interstate 85 corridor of Duluth.
Top 5 Hotel Transactions in Nashville
Several major hospitality assets changed hands in the 12 months ending in March as the Music City’s tourism economy continues to pick up speed.
Kaufman Organization Lands $120M Refi for NYC Portfolio
The firm secured the three-year loan from Capital One to refinance four properties in the Flatiron and NoMad neighborhoods of Manhattan.
KBS Buys $48M Office Asset in Seattle Suburb
The private equity real estate firm acquired the five-story, Class A property in Redmond, Wash., on behalf of a sovereign partner, as the metro’s Eastside markets continue to attract investors.