Investment
Neema Hospitality Acquires 2 Pittsburgh-Area Hotels
Fairfield Inn & Suites Slippery Rock and Holiday Inn Express & Suites Pittsburgh SW bracket the city to the north and south. The company now owns 11 hotels across Pennsylvania, Maryland and West Virginia.
Skanska Sells Major Budapest Office Project
The real estate fund that acquired the 387,500-square-foot Mill Park also purchased Promenade Gardens, another newly constructed office building in the Hungarian capital.
Broe Real Estate Nabs 3-Building Colorado Springs Portfolio
The properties total roughly 210,000 square feet of flex/office space and are located within the Briargate Office Park. The new owner is set to implement a renovation program.
CA Value-Add Retail Site Trades for $21M
HFF represented the buyer, Merlone Geier Partners, in its purchase of Warner West, a 73,427-square-foot retail property in Huntington Beach. The asset was 78 percent occupied at the time of sale.
Sacramento-Area Shopping Center Sells in Record-Setting Deal
Donohue Schriber sold a Trader Joe’s-anchored, 242,000-square-foot retail asset in Elk Grove, Calif., to Acadia Realty Trust. NKF Capital Markets represented the seller.
Kidder Mathews Brokers $10M Shopping Center Sale in Phoenix
The firm represented LNR Partners in the sale of Maricopa Marketplace. The property is shadow anchored by Fry’s Marketplace and was 95 percent occupied upon closing.
San Diego-Area Office Property Trades for $27M
NKF Capital Markets represented the seller, New York Life Real Estate Investors, in the disposition of Centerpoint Plaza in Carlsbad. The 97,823-square-foot, multi-tenant building was 87 percent leased at the time of sale.
EquiCap Arranges Sale of IN Facility
This marks the second time that the firm arranged the sale of the 83-unit property in the last two years.
Office Space at NYC High-Rise Commands $135M
A cross-border joint venture led by Deutsche Bank and BLG Capital has acquired the vacant 100,000-square-foot segment of the mixed-use tower at 685 Fifth Ave.
City Office REIT Expands in Metro Phoenix
The Quad, a 1982-vintage asset in Scottsdale, was recently redeveloped as a creative office campus. The property sold for $51 million.