Investment
Ventas Exits SNF Business With $700M Sale
The company has reaffirmed its decision to sell 36 skilled nursing facilities to an affiliate of Blue Mountain Capital Management.
Canadian Fund to Buy Houston REIT in $1.2B Deal
CPPIB will be acquiring Parkway Inc., which has a strong local presence, with an office portfolio of about 8.7 million square feet across 19 properties.
Miami-Area Retail Asset Trades in $9M Deal
Todd Weintraub led CBRE’s investment property group in representing both the seller and buyer. The multi-tenant asset has undergone several renovations in recent years.
Gehr Hospitality Nabs Four Points by Sheraton, Charlotte
BMO Harris Bank financed the acquisition. Real Hospitality Group will manage the 132-key property, which is set to undergo a significant renovation.
Boulder Group Arranges Sale of Medical Facility
A West Coast real estate investor paid $1.9 million to acquire the Fresenius Medical Care center in Enola, Pa., from a Northeastern private partnership.
Middleton Partners Snags Milwaukee CBD Asset
The company purchased the property from Riverview Realty Partners, which invested $17.3 million in upgrades since acquiring the building in 2014.
Franklin Street Closes $23M Sale of Central Florida Retail Asset
Publix Super Markets purchased Ovation Town Center, where it is an anchor tenant. The 96,750-square-foot shopping center is in the Davenport submarket of Orlando. Armstrong Development sold the property.
Keystone Nabs Miami Asset in Sale-Leaseback Deal
The company now owns the entire office park, which is 89 percent leased. The real estate investment firm has owned the northern section of the campus for more than 10 years.
Maryland Mixed-Use Asset Scores First Sale
The Sylmar Corp. disposed of the Clock Tower Place, a retail and office building located in Annapolis, Md. for $10.3 million. The building was 98 percent leased to 21 different tenants at the time of the transaction.
Remodeled Holiday Inn Debuts in Arkansas
InterContinental Hotels Group completed a multi-million dollar renovation of the 150-key Holiday Inn Presidential Downtown Little Rock. The property features 5,000 square feet of meeting space.