Investment
RCLCO’s Latest Chartbook Sees Few Clouds
The downturn looks to have been postponed yet again. Even though conditions are at—or near—peak, the report foresees no downturn this year.
Richmond All-Suite Hotel Sells for $9M
Stay Over Suites in Hopewell, Va. is located within a 30-minute drive south of downtown Richmond and comprises 108 suites in two separate buildings.
Rubenstein Partners Buys Stake in DC Trophy Building
The company cashed out $27.5 million for an 80 percent stake and plans to modernize the office property through a series of building and tenant service upgrades.
MBA Releases 2018 Outlook
The Mortgage Bankers Association unveiled its predictions for commercial and multifamily mortgage originations. Overall, volume will be slowing, but the picture varies by property type.
Spanish Conglomerate Buys $58M Miami Beach Hotel
Paul Weimer and Christian Charre of CBRE Hotels represented seller Rockwood Capital in the disposition of the recently refurbished art-deco property.
Helix Hospitality Nabs Northern AL Hotel
The Residence Inn Huntsville, built in 2002, includes a 78-guestroom mix of studio, one- and two-bedroom suites and sits near a major retail center.
Starwood Capital Buys Forestar Portfolio for $232M
The off-market acquisition included residential and commercial assets in high-growth markets throughout Texas, the Southeast and the Western U.S. The transaction follows an earlier bid by Starwood to purchase Forestar Group outright.
Charleston Logistics Provider to Invest $36M in 400 KSF Expansion
The company acquired 26 acres of land at a former Navy base, with plans to build a facility to support its operations near Port of Charleston.
CareTrust Buys Montana MOB
The overall investment in the asset amounted to more than $5 million, including transaction expenses. Evans Senior Investments arranged the deal.
Northbridge Investment Nabs New Jersey Mid-Rise
HFF’s Investment Advisory team marketed the property on behalf of the seller, an institutional client, and procured the Canada-based buyer.