Investment
Blue Sky Equity Partners Buys Tucson Hotel
The company has expanded its hospitality portfolio with the purchase of the 156-key Red Lion Inn & Suites Tucson North Foothills.
JV Buys Distressed Office Property in MA
National Development and Charles River Realty Investors purchased a 116,490–square-foot asset in Medford, Mass. The new owners are set to upgrade the building’s common areas, landscape and signage.
Research Triangle Office Building Changes Hands in $58M Deal
Global medical device company Align Technology, a tenant of Forty540 since it opened in 2017, acquired the asset in Morrisville, N.C., from its developers.
JV Acquires Suburban Atlanta Office Property
Granite Properties has sold a two-building, Class A office property in the city’s North Fulton submarket. CBRE represented the seller in the transaction.
Sterling Organization Sells FL Shopping Center for $38M
The company sold Pembroke Place, a 158,800-square-foot, grocery-anchored property in metropolitan Fort Lauderdale, to Longpoint Realty. A CBRE team acted on behalf of the seller.
It’s Yield vs. Caution in New Investor Intention Survey
Investors are caught between the pursuit of yields and the realities of a late-cycle market, all overshadowed by macroeconomic worries, CBRE reports.
Phoenix Retail Center Trades for $20M
Executive Managing Directors Ryan Schubert and Michael Hackett of Cushman & Wakefield brokered the sale of the 90,264-square-foot Madison Village Marketplace.
Clarion Acquires Logistics Player Gramercy Europe
The $50 billion New York-based real estate investment manager has augmented its $16 billion, 700-property logistics portfolio by buying a majority stake in the European platform.
Thor Equities to Buy Paris Office Building for $56M
The asset, located in the popular Saint-Germain district, is considered an architectural landmark and is occupied by French bank Société Générale.
Pebblebrook Sells DC Hotel for $111M
A joint venture between Metrovest Equities and BLDG Management acquired the asset and plans to convert it into a YOTEL-branded property.