Investment
JV Arranges $25M Sale of GE Transportation Building
Reserve Capital Partners purchased the 182,000-square-foot property, which was 100 percent occupied by GE Transportation at the time of the sale.
Kite Trades 2 Retail Assets for $63M
The company sold Trussville Promenade and Memorial Commons, two shopping centers totaling nearly 600,000 square feet. The Trussville deal marks the company’s exit from the Alabama market.
Seattle-Area Class A Office Asset Trades for $15M
PJP Group LLC has acquired the 41,405-square-foot, 100 percent leased office building in Kirkland at a record price per square foot.
Top 5 Office Portfolio Transactions of 2017
Throughout the past year, the U.S. office transaction volumes softened, but this didn’t stop institutional investors such as Duke Realty, BlackRock or JPMorgan to trade massive portfolios at high prices, Yardi Matrix data shows.
Rockwood Capital Buys Bay Area Office Park
NKF Capital Markets represented Invesco in the sale of Growers Square, a three-building, 195,372-square-foot Class A development in downtown Walnut Creek.
NKF Arranges $27M Loan for Florida Hilton
The recently renovated Hilton Melbourne Rialto Place features more than 250 guestrooms and 12,000 square feet of retail space, including the largest ballroom in the county.
Hospitality Gains Momentum in 2018
Uncertainty about the federal government’s tax and fiscal policy slowed hotel transaction velocity in 2017, but sales activity is expected to increase this year, according to Marcus & Millichap’s 2018 Hospitality Investment Forecast.
Hawaii Hotel Fetches $200M
Continuing its portfolio upgrade, Xenia Hotels & Resorts sold its leasehold interest in the 693-key Aston Waikiki Beach Hotel in Honolulu, four years after acquiring the property for $183 million.
DoveHill Capital, Wurzak Acquire NoVa Hotel
The 298-key Sheraton Reston is situated in the Washington, D.C., suburb of Reston, the second-largest office market in Fairfax County.
Boyne to Repurchase 6 Ski Resorts
The mountain resort owner and operator will buy six previously owned properties in the U.S. and Canada from an affiliate of Oz Real Estate. Boyne sold the assets more than 10 years ago in sale-leaseback transactions.