Investment
Omni Houston Hotel Completes $30M Renovation
The brand’s Uptown Houston location has undergone a transformation that includes redesigned and renovated spaces as well as new amenities.
Cerberus JV Acquires Bucharest Office Campus
The Landmark is the only office campus of its size in north Bucharest, with nearly 250,000 square feet of leasable space, as well as additional retail space.
Portland Industrial Property Changes Hands for $49M
Specht Development and Ares Management have teamed up on the acquisition of the nearly 1 million-square-foot facility, which currently houses grocery wholesaler and retailer SUPERVALU.
Ready Capital, Owens Realty Mortgage to Merge
The combined company will operate as Ready Capital, be headquartered in New York City and retain Thomas Capasse as chairman & CEO.
R2 Cos. Buys 525 KSF Midwest Creative Office Portfolio
The real estate investment firm acquired the collection of 11 buildings, located in Minneapolis and Milwaukee, from Sara Investment Real Estate in a $60 million transaction.
Crystal City’s Courting of Amazon’s HQ2
The Northern Virginia locale would see a boon to its office and retail real estate markets should the e-commerce leader’s multibillion-dollar second headquarters come to town.
Avison Young to Acquire GVA
The combined operations will have 5,000-plus employees in more than 120 offices in 25 countries. The transaction is expected to close in early 2019.
Transwestern Brokers Sale of 150 KSF FL Retail Asset
The Orlando Class A shopping center spans 15 acres and is shadow-anchored by Walmart and Lowe’s Home Improvement Store.
Peachtree Hotel Group Trades Jacksonville Sheraton
The buyer, a joint venture between Rockbridge and Hospitality Ventures Management Group, plans to invest more than $1 million in renovations.
Douglas Development Buys $12M MD Office Property
Transwestern represented the seller in its disposition of 116 Defense Highway, an 81,931-square-foot building that was 70 percent leased at the time of sale.