Investment
Meridian Group Grabs VA Trophy Tower
The acquisition fuels the company’s investment strategy, initiated by the development of an $825 million mixed-use project situated across the building.
8-Property OH Self-Storage Portfolio Commands $31M
Marcus & Millichap brokered the sale of an eight-property self-storage portfolio of 3,050 units located in seven cities throughout Ohio.
Meridian Snags $17M Tampa Office Park
The new owner will invest $1 million in outdoor upgrades and indoor common-area renovations and plans to build a 2,000-square-foot shared amenity center and café.
Clarion Partners Sells Hotel Portfolio for $135M
The collection of Courtyard by Marriott properties, totaling more than 1,900 guestrooms across nine states, is now under the ownership of Toronto-based Skyline Investments.
Henderson Pays $42M for Philly-Area Office Campus
The firm purchased a five-building office portfolio in Newtown Square, Penn., its first real estate deal, part of its new strategic growth plan.
New Boston Fund Sells $145M Multifamily Asset
With the help of HFF, the company sold the 21-story Tower at One Greenway to PGIM Real Estate for more than $660,000 per unit.
Downtown Seattle Office High-Rise Changes Hands
Union Investment sold the 20-story Millennium Tower, which also includes high-end condo residences. The property last traded in 2003, for $64.8 million.
NYC Garage Portfolio Commands $50M
Kamber Management Co. added three prime condominium-based facilities to its collection. The properties are fully leased to Icon Parking Systems.
GreenWise Market Coming to Mt. Pleasant, SC
Regency Centers revealed its plans to develop a GreenWise Market in Indigo Square, scheduled to open in the fourth quarter of 2018.
Hong Kong Tops List of Most Expensive Office Locations
Cushman & Wakefield research shows the city has replaced London’s West End as the most expensive to accommodate staff.