Investment
OA Development Acquires $31M Office Portfolio in NC
An HFF team paired properties from two sellers—ROC III Fairlead Imperial Center LLC and Crown Realty—to package four buildings involved in the transaction.
Former Haliburton Office Campus in Houston Changes Hands
Situated in Westchase District, the 48-acre property comprises 568,000 square feet of office space, a daycare center, parking garage, a fitness facility and a central plant.
Harbor Associates, Ascentris Acquire San Diego Office Property
The Class A Pinnacle comprises 110,110 square feet across five stories and was purchased from BioMed Realty for $31.2 million.
Blackstone Trades $170M South FL Hotel
Brookfield Property Group picked up the 589-key Hilton Fort Lauderdale Marina. The previous owner renovated the 1980s-era asset 10 years ago.
Banner Oak Closes 2 Funds Totaling $800M
The Dallas-based company’s latest investment vehicles are intended to provide equity capital to real estate operating platforms at both the enterprise and property levels.
Louisiana’s Margaritaville Resort Casino to Sell for $376M
In separate transactions, VICI Properties will acquire the Bossier City, La., gaming destination’s real estate properties, while Penn National Gaming will purchase the operating assets.
Industrial Dominates Net-Lease Sales
Despite a dip since the fourth quarter of 2017, the industrial sector led single-tenant sales volume for the third time in a row during the first quarter, reaching $5.5 billion.
It’s All About the Income
What should investors expect as the current cycle enters its ninth year? Ken Riggs, president of Situs RERC, discusses the outlook for risks and returns.
Meridian Sells CA Office Building
The buyer, Phase 3 Real Estate Partners of South San Francisco and San Diego, paid $39.5 million for the multi-tenant asset.
Legislation Spells Relief for Banks, CRE Borrowers
Avison Young Principal Jay Maddox details the modifications to Dodd-Frank that clarify the rules and set the stage for lenders to provide more options to commercial real estate sponsors.