Investment
CPPIB Takes Minority Stake in JBG Smith’s DC Office Development
The $101 million investment represents a 45 percent interest in the property. Construction on 1900 N St. N.W. started in the second quarter of 2017 and is expected to be completed by 2020.
Park Hotels & Resorts Sells Off $317M in Non-Core Assets
The publicly traded lodging REIT—a spinoff of Hilton Worldwide—divested 11 properties, mostly overseas, significantly reducing its exposure in international markets.
CT Office, Distribution Center Changes Hands for $15M
The 260,000-square-foot building in Meriden, Conn., is fully occupied by two companies owned by Sports Direct: Bob’s Stores and Eastern Mountain Sports.
Fort Lauderdale Sheraton Sells, Gets New Management
Everwood Hospitality Partners acquired the 263-key hotel which features more than 10,000 square feet of meeting rooms and event space.
Caliber, Habitat Metro Acquire 8 AZ Assets
The new owners are planning to redevelop the downtown Mesa historic buildings, as part of the city’s revitalization project.
Alexander & Baldwin Takes 3 in Hawaii for $254M
Terramar Retail Centers disposed of three newly constructed retail centers, totaling 391,000 square feet. As part of the transaction, A&B also assumed $62 million in mortgage debt.
Owens Realty Nabs Orlando Office Asset
A CBRE team led by Ron Rogg and Chip Wooten closed the $10.5 million transaction in the city’s Winter Park submarket.
Newmark Knight Frank Puts Its Money in Knotel
The commercial real estate services firm’s strategic investment in the customized, on-demand office space provider will give its clients—both tenants and owners—options in the flex space arena.
Trophy Office Campus in Raleigh Commands $135M
The sale of the three-building Lenovo Enterprise Campus in the Research Triangle Park marks 90 North Real Estate Partners’ first disposition in the U.S.
Retail Property in Luxe Ski Town Trades for $28M
Florida-based Consolidated-Tomoka’s acquisition of an Aspen, Colo., property coincided with the execution of a 20-year, triple-net master lease.