Investment
Opportunity Zones Can Make a Great Deal Greater
At a recent event organized by Mazars, Dean Adler explained how his team aims to turn a closed power plant in Philadelphia into a 1 million-square-foot, mixed-use destination—with a little help from the IRS.
Wexford Buys DoubleTree Near Nashville Airport
HREC arranged the sale of the 138-key all-suites hotel, which provides quick access to both downtown and Opryland. Hospitality Ventures Management Group was the seller.
Downtown Tampa Hilton Changes Hands
HFF assisted CrossHarbor Capital Partners in the disposition of the 520-key property located in the heart of the city, while also securing acquisition financing.
CRE Investors Look Forward to Busy 2019 With Cautious Optimism
The latest survey on investor sentiment from NREI/Marcus & Millichap finds that investors expect an active year ahead but are taking a more conservative outlook.
TA Realty Pays $139M for LA County Office Tower
The subsidiary of The Rockefeller Group acquired the building in El Segundo, Calif., ahead of sole tenant Northrop Grumman’s lease expiry. VEREIT is the former owner of the 340,000-square-foot tower.
RFR Buys Manhattan Asset for $123M
ASB Real Estate Investments sold the historic building at 875 Washington St. in the Meatpacking District on behalf of its Allegiance Real Estate Fund.
SmartStop Acquires NJ Storage Facility in $30M Deal
Levin Johnston of Marcus & Millichap facilitated the sale-leaseback of the 1,777-unit property in Newark, N.J.
Investcorp Acquires $170M Industrial Portfolio
The eight buildings, which are spread across the U.S., comprise 1.4 million square feet and are 100 percent leased to such tenants as FedEx Ground and XPO Logistics.
Industry Leaders Weigh In on Investment: CPE 100 Survey
In the year’s first survey of the industry leaders who comprise the CPE 100, executives weigh in on the outlook for commercial real estate investment, the performance of their own companies and what’s ahead for the economy.
Coworking Grows in San Diego as Biotech VC Stumbles
The shared office sector is booming in the Southern California city, a new report by CBRE suggests, while venture investment in life sciences retreated during the first quarter.