Investment
STC Management Buys Anaheim Mixed-Use Property for $80M
CBRE arranged the sale of Anaheim GardenWalk, a 430,000-square-foot, open-air retail destination that is located within walking distance of Disneyland Resort.
Starwood Capital, LeFrak Sell Miami Hotel for $610M
A new owner is on board at 1 Hotel South Beach, a landmark 429-key luxury property which underwent a multimillion-dollar transformation in 2015.
CRE Market Conditions: It’s a Flat World
Little near-term change is expected for commercial real estate markets globally, in either investor sentiment or tenant demand, according to the latest RICS survey.
Denver-Area Office Asset Sells for $18M
The seller, City Office REIT, had purchased the three buildings totaling nearly 200,000 square feet in mid-2014 for more than $25 million.
Hines, 25hours to Develop Copenhagen Hotel
The global real estate firm and the European hotel operator announced they are building a 243-key boutique property in the heart of the Danish capital.
Jacksonville Warehouse Changes Hands
Coca-Cola Beverages Florida acquired the industrial asset for more than $3 million. The building, constructed in 1993, contains approximately 106,000 square feet.
7X Energy Sells 100MW Solar Project to Duke Energy Renewables
Lapetus will occupy approximately 800 acres, with construction scheduled to begin before the end of March. This is the first large scale solar project in Andrews County, Texas.
Taurus Investment Trades Orlando Office Campus
The $33.5 million sale includes three Class B buildings totaling nearly 200,000 square feet. The seller purchased the asset in 2016 for approximately $17 million.
Indianapolis Office Commands $32M
Tryperion Partners purchased the recently developed, 137,000-square-foot asset, home to Allied Solutions’ headquarters, with Morgan Stanley providing more than $17 million in acquisition financing.
South FL Shopping Center Commands $43M
HFF facilitated the sale of the 107,000-square-foot retail asset in Wellington. The new owner took out a $13.5 million loan to finance the acquisition.