Investment
Strategic Storage Trust IV Buys Inland Empire Facility
The self-storage facility located in Riverside, Calif. comprises 55,000 rentable square feet and offers 460 units. SmartStop will manage the property.
High Street Realty Buys Chicago Industrial Portfolio for $86M
JLL’s Capital Markets team facilitated the transaction, which included 11 institutional-quality, value-add properties totaling nearly 1.2 million square feet.
Philly Sheraton Lands New Owner, Planned Makeover
The Buccini/Pollin Group acquired the 364-key property in the Old City district for almost $100 million. The Delaware-based company is set to renovate and rebrand the hotel.
A Partly Sunny Economic Outlook
NAR economist George Ratiu evaluates our emergence from last recession’s winter into an economic spring, marked by steady growth of the global economy.
HFF Brokers Sale of 382 KSF Shopping Center in CT
An entity managed by DDR Corp. has sold the 382,864-square-foot, Walmart-anchored Naugatuck Valley Shopping Center in Waterbury, Conn. The property includes 2,155 parking spaces.
Black Creek Buys Inland Empire Warehouse Portfolio
The newly built assets encompass roughly 745,000 square feet and are situated nearby major thoroughfares including interstates 10 and 215 and State Route 60.
Benjamin West Tapped to Oversee FF&E for 69-Hotel Portfolio
Various Marriott and Hilton properties are set to undergo around $200 million in renovations, including $70 million in new furniture, fixtures and equipment.
Brookfield Strikes Deal to Acquire Rest of GGP
The combined company will have ownership interests in some $90 billion worth of assets and an annual net operating income of more than $4 billion.
Graham Commercial Sells North FL Industrial Assets
Interstate South Commerce Center encompasses more than 260,000 square feet across six building, currently leased to notable tenants including Honeywell and Lennar.
Murphy Development Trades $27M San Diego Property
The industrial asset, which contains more than 165,000 square feet, sits within a mile and a half of the U.S.-Mexico border.