Investment
Starwood Capital Group to Sell 14 UK Hotels for $1B
Foncière des Régions will acquire the 2,638-key portfolio, which consists of four- and five-star properties in major cities in England, Scotland and Wales.
Friedman Arranges Sale of 35 KSF Michigan MOB
Located at 43494 Woodward Ave. in Bloomfield Hills, Mich., the property is currently occupied by The Grunberger Diabetes Institute.
Penwood Grabs 508 KSF Warehouse in PA
The fully leased property is situated along the Interstate 81 industrial corridor in Mechanicsburg, Pa., and previously traded as part of a $3.2 billion portfolio.
Washington Prime Buys Montana Regional Mall
NKF Capital Markets, which handled the transaction, expects the disposition of the Southgate Mall in Missoula to be one of the largest 2018 mall sales in the Pacific Northwest.
PMAT Offloads GA Retail Property
The recently renovated grocery store-anchored shopping center in Acworth contains more than 100,000 square feet of leasable space. HFF arranged the sale of the almost fully leased property.
Empire Distribution to Relocate Atlanta HQ
The suburban industrial asset—which contains more than 600,000 square feet of distribution and office space—is expected to come online by the end of the year.
Starboard Commercial Arranges Sale of Sacramento Retail Asset
Located at 318 N. Sunrise Ave. in Roseville, Calif., the 24,750-square-foot property built in 1992 has one tenant—Pet Club.
Hartman Income REIT Renovates Houston Retail Center
Lifesavers 24-hour Emergency Room is set to occupy 6,300 square feet at the property, while Dollar Tree leased 4,700 square feet and will be moving in soon.
JV Buys $12M Phoenix MOB
Constructed in 2012, the 34,000-square-foot property is 90 percent occupied by Banner Medical Group and the Center for Orthopedic Research and Education Inc.
HFF Brokers Suburban NJ Office Campus Sale
An affiliate of Hartford Investment Management Co. disposed of the seven-building park, which will receive a complete rebranding and repositioning under its new ownership.