Investment
CBRE Arranges NC Industrial Sale
Executive Vice Presidents Patrick Gildea and Randy Getz, Senior Associate Matt Smith and Senior Financial Analyst Grayson Hawkins represented the sellers.
Somerset Properties Trades Milwaukee Office Portfolio
The six assets, which contain nearly 400,000 square feet, sold for close to $38 million. The seller purchased the buildings in 2012 as part of a $195 million portfolio deal.
5 Questions Every Property Owner Should Ask This Tax Season
Two specialists from Anchin, Block & Anchin offer guidance on navigating the complex new rules created by the Tax Cuts and Jobs Act.
Decoding Denver’s Office Market
Bridge Investment Group Director of Acquisitions David McCleve shares his views on the consequences of intense construction activity on the metro’s office market and highlights the submarkets where there’s room for rent growth in 2019.
NorCal Hilton Hotel Sells for $50M
Ashford Hospitality Trust is the new owner of the 178-key property in Santa Cruz. Acquisition financing included a non-recourse mortgage loan of roughly $25.3 million.
FRP Acquires Baltimore-Area Industrial Park
The company intends to perform capital improvements on the 270,000-square-foot Cranberry Run Business Park in Aberdeen, Md. The $6.3 million purchase is part of the firm’s new development strategy.
Pinnacle Brokers CO Retail Asset Sale
The company facilitated the $1 million acquisition of a single-tenant, net-leased property located in a King Soopers-anchored shopping center in Westminster.
FD Stonewater Buys Nashville Office Asset
The Class B building traded for $17 million. The fully leased property last changed hands in 2014, for $16.5 million.
Nashville MetroCenter Office Changes Hands
Menlo Equities acquired the 107,000-square-foot, Class B asset for approximately $22 million—more than double the price the seller had paid in 2006.
Northstar Commercial Partners Sells Denver Office Property
Northfield Business Center last traded back in January 2015, when the firm purchased it as a value-add investment. Since then, the asset has grown in occupancy by more than 65 percent.