Investment
TownePlace Suites in Austin Sells for $20M
The asset is situated near Dell’s corporate campus, Samsung’s semiconductor facility and General Motor’s IT innovation facility. The Texas State Capitol, The University of Texas and The Domain are located just minutes away from the hotel.
NJ Trophy Office Asset Commands $27M
Intercontinental Real Estate Corp. and Ivy Realty have disposed of Morris Corporate Center IV, a two-building office property in Parsippany, N.J.
Wyndham to Buy La Quinta for $2B
The transaction will expand Wyndham’s hotel portfolio to 21 brands and more than 9,000 properties, and result in the spinoff of La Quinta’s owned real estate assets into the newly formed CorePoint Lodging Inc., which will hold the distinction of being the only pure-play, publicly traded REIT focused exclusively on midscale and upper-midscale lodging.
Suburban Boston Office Park Commands $80M
Jumbo Capital and Sound Mark Partners have teamed up for the acquisition of Stony Brook Office Park, four interconnected buildings totaling 270,196 square feet in Waltham, Mass.
Manhattan’s Top 10 Office Deals of 2017
Although the first and last quarters of 2017 saw a decline in sales volume, the borough remains one of the priciest and most sought-after markets in the world.
Marcus & Millichap Brokers Sale of Bay Area Mini Storage
The Mele Group, the company’s self-storage team, marketed the 635-unit facility located in Corpus Christi. The team represented both the seller and the buyer in the transaction.
Central Valley Shopping Center Fetches $6M
Colony Plaza, anchored by a Save Mart grocery store, is 92 percent leased to tenants such as H&R Block, Supercuts and Country Skillets.
Transwestern Closes $25M Sale of Mixed-Use Denver Asset
Allante Properties sold Highland Place, a 54,557-square-foot property consisting of 68 units and five retail stores. Denver Regional Investment Properties LLC acquired the asset.
HFF Closes Sale of 239 KSF Office Building in KC Area
The Keith Corp. sold Quintiles Building in Overland Park. The four-story property is in the city’s College Boulevard corridor.
KC’s Corrigan Station to Enter Final Development Phase
Copaken Brooks and 3D Development will begin construction of a 22,910-square-foot addition in February. The project marks the first newly built office property in the district.