Investment
Excel Group Buys DE Marriott Hotel
The hotel opened at the beginning of this year and is located near downtown Wilmington offering convenient access to Philadelphia International Airport.
LaSalle Investment Buys Amsterdam Office Tower for $63M
Acting on behalf of its Encore+ fund, a Continental European investment vehicle, the company acquired the 167,900-square-foot Luna Arena from PingProperties.
Central FL Power Center Trades for $26M
Retail Value Inc. sold the Orlando asset located approximately 8.5 miles northeast of Walt Disney World. HFF negotiated the deal on behalf of the seller.
Xenia Acquires $170M SoCal Hyatt Resort
Situated close to San Diego, the 327-key property includes 43 suites, a 15,000-square-foot spa, an 18-hole golf course and six tennis courts.
Rosenthal Properties Buys Suburban MD Warehouse
The 110,000-square-foot property in Frederick, Md., faces Interstate 70 and is fully occupied by Colonial Sash & Door, United Refrigeration Inc. and other companies.
Lincoln Property Buys MO Industrial Portfolio
The properties comprise eight buildings within two adjacent industrial parks, totaling nearly 800,000 square feet. Newmark Knight Frank completed the deal on behalf of the seller.
Goldman Sachs JV Buys NJ Retail Center
Springfield Avenue Marketplace in Newark comprises 120,000 square feet and provides residents from the area—including students from four universities—a wide array of shopping and dining options.
Don’t Rush to Opportunity Zones
Leaders in the real estate and finance sectors advised those looking to take part in the federal program to proceed with caution.
Fitch Forecasts Strong Multifamily REIT Performance
The rating agency’s Senior Director Stephen Boyd details the trends that have positioned multifamily REITs to fill vacancies and execute portfolio strategies.
Why Fundraisers Like the Value-Add Urban Office Sector
JLL Capital Markets Managing Director Nooshin Felsenthal analyzes the trends that are motivating more investors to target these opportunities this late in the business cycle.