Investment
Oxygen Hospitality Group Buys Palm Springs Hotel
Located at 2000 N. Palm Canyon Drive, the 100-key Ivy Palm Resort & Spa will be subject to a series of tech-drive redevelopments.
TriOut Advisory Snags $28M FL Office Asset
The three-story building comprises 186,309 square feet and is fully occupied by WiPro’s HealthPlan Services Inc. until 2022.
SVN Brokers Sale of 5-Property Portfolio
The company has facilitated the sale of five self-storage properties located in Kewanee and Atkinson, Ill. The buildings comprise a total of 47,000 square feet.
Hub International Presents New Risk Purchasing Program
The program will provide broad umbrella coverage with no shared limits for offices, industrial, retail and mixed-use spaces.
How Technology Is Changing the Small-Balance Business
Sabal Capital Partners’ Pat Jackson discusses the evolution of the small-balance lending market and what makes businesses in the field competitive.
Blackstone Sells NYC Office Tower for $640M
The company found a buyer for the 683,000-square-foot 5 Bryant Park in Midtown Manhattan with the assistance of JLL and HFF. JLL also arranged $463 million in acquisition financing.
Madison Marquette, PMRG to Merge in June
The two companies, both part of Capital Guidance, have complementary geographic areas of operation, and each has been involved in high-profile projects in recent years.
Cabot Properties Picks Up $16M Philly-Area Warehouse
The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.
Retail Leaders Share Strategies for Change
Marcus & Millichap’s annual Retail Trends panel, held during RECon, addresses the opportunities and challenges posed by a sector going through rapid transformation.
Philadelphia-Area Distribution Facility Trades for $13M
CBRE brokered the sale and leaseback of the roughly 291,000-square-foot industrial property in Pennsburg, situated one hour away from downtown Philadelphia.