Investment
Downtown Miami’s Hotel Sector Shines On
The area’s beaches have long been a hospitality magnet, but the city core is lately emerging as a powerful contender.
TN Industrial Distribution Facility Trades for $24M
Superior 3rd Party Logistics Inc. already inked a 237,000-square-foot lease at the Couchville Pike Business Center I in Mt. Juliet with the new owner, a Fortress Investment Group-lead joint venture.
DAD Acquires San Diego Hotel for $86M
The purchase of the 353-key Marriott Mission Valley marks the company’s first California foray. The owner also plans to develop a second property on the same site.
Uptick in M&A Activity Boosts Capital Flow to US
The CBRE study found that inbound capital rose 79 percent over the previous year, with the retail sector taking up the lion’s share.
London Hotel Portfolio Changes Hands for $1.3B
Queensgate Investments acquired the four upscale properties from Grange Hotels and has an agreement with Fattal Hotel Group, which will reposition and run the properties.
Copra Holdings Buys Houston-Area Storage
The company expanded its portfolio with 256 storage units in Magnolia, Texas. Bellomy & Co. represented the buyer in the transaction.
Georgetown University Buys Downtown DC Office Asset
In a nimble change of strategy, Office Properties Income Trust sold 500 First St. for $70 million rather than proceeding with a planned renovation of the soon-to-be-vacant building.
Suburban Atlanta Office Park Commands $24M
ESJ Capital Partners acquired the four-building Barrett Business Center from Pope & Land Real Estate and plans to undertake a comprehensive renovation process of the property.
Call for Submissions: RICS Global Commercial Property Monitor
Was the first quarter of 2019 a good one for investment? Weigh in on commercial property occupier and investor sentiment and become part of this leading industry indicator.
Mid-America Real Estate Brokers MN Retail Deal
Principal Mark Robinson represented the former owner of Lexington Shoppes in the $3.1 million transaction. Coldwell Banker worked on behalf of the buyer.