Investment
JLL Arranges Sale of Office Asset in Houston
Under its new ownership, Pinehollow Office Park will undergo a capital improvement program that will add retail space to the Class B development.
Next Steps for Health Care
As patients’ needs change and technology advances, health-care developments are adapting. Mainstreet Group’s Zeke Turner considers how the health-care real estate sector is shifting—and attracting investors along the way.
CBRE Brokers Sale of Cayman Islands Resort
The Holiday Inn Resort Grand Cayman sits on approximately 6.5 acres of prime oceanfront land and was originally planned for timeshare sales.
Woodmont Sells Northeast PA Industrial Building
Before the sale, the company completed an extensive capital improvement plan for 1 Commerce Road, a 437,446-square-foot warehouse in Pittston, Penn.
Berkadia Completes Orlando, Tampa Transactions
The Orlando-area Winter Park Shopping Center received $27 million in financing, while the Villages at Turtle Creek, a suburban Tampa community, traded in an $18.6 million deal.
JV Grabs Ft. Lauderdale-Area Office Asset
The building’s solid tenant roster includes Ford, Fidelity Information Systems, AT&T, American Express, Harris Corporation, Xerox and Ticketmaster. CBRE facilitated the sale of the Class A property.
Life Science Firms Buy NJ Industrial Assets
In separate deals brokered by Cushman & Wakefield, two pharmaceutical companies acquired industrial buildings in Piscataway and Somerset, N.J., fueling the life science industry’s growth within the Interstate 287 corridor.
Kennington Property Expands in Dallas–Ft. Worth
The company acquired Jupiter Service Center, a four-building Class A flex office/R&D complex in Plano, Texas. Stream Realty Partners marketed the property on behalf of Situs, its seller.
Industrial Boom Has Room to Grow
Three developers shared their perspectives on why the sector is in such high demand and what the potential risks are to the property type, at the 2017 ULI Fall Meeting in Los Angeles.
San Diego Luxury Hotel Lands $85M Bridge Financing
Located in the city’s historic Gaslamp Quarter, the 317-key property is close to the San Diego Convention Center and Petco Park.