Investment
Investment Predictions for 2018: TH Report
As the economy is expecting growth in 2018, investors are faced with a mature U.S. real estate cycle characterized by a rent slowdown, a balance between supply and demand and appreciation growth.
Chicago-Area Hotel Changes Hands for $5M
Huff, Niehaus & Associates Inc. brokered the $4.5 million sale of the Best Western Plus La Porte Hotel and Conference Center, located within one hour of Chicago.
Brennan JV Acquires GA Industrial Asset
The distribution center located in Canton comprises more than 450,000 square feet and is fully occupied by online furniture retailer Belnick Inc.
Terra Sells $72M Miami-Area Retail Center
Doral Commons, which was 95 percent leased at the time of sale, fetched $514 per square foot two years after being completed.
Hines Nabs Industrial Space in Tight SoCal Market
The firm intends to implement a robust improvement plan, looking to position the site as a facility for last-mile distribution or traditional manufacturing and warehouse tenants.
Vertex King of Prussia HQ Trades for $47M
The Class A property is located within the 200-acre Renaissance Park corporate campus. HFF represented both parties in the transaction.
Boston University-Proximate Retail Asset Trades
J. & M. Realty Inc. has sold 957 Commonwealth Ave., a 15,800-square-foot retail property in Brighton, with the aim of serving Boston University’s students, faculty and staff.
Compass Self Storage Continues GA Expansion
The Amsdell Group affiliate has purchased a 72,000-square-foot facility in McDonough, Ga. The asset marks the 12th Atlanta-area Compass Self Storage facility.
Meridian Buys 3-Asset MOB Portfolio in LA
The project also includes the repurposing of an existing, two-story 8,280-square-foot building into a new single-story 9,200-square-foot Type V-A ambulatory, outpatient clinic.
DC-Area Marriott Hotel Changes Hands
The six-story, 316-key Fairfax Marriott at Fair Oaks is a less than 20-minute drive from the Washington Dulles International Airport.