Investment
Xenia Sells 5-Hotel Portfolio for $163M
The properties, which total 812 guestrooms, are located in Fort Worth, Kansas City, Pittsburgh and Baltimore.
Bentall Kennedy Teams Up With Warba Bank
The partnership’s initial investment is a Class A, 280,000-square-foot office building in Milwaukee, which serves as the world headquarters for ManpowerGroup.
Blackstone to Sell Logicor for $14B
Affiliates of China Investment Corp. have agreed to purchase the 147 million-square-foot logistics and distribution warehouse portfolio, which spreads across 17 European countries.
Summit Acquires Courtyard by Marriott Fort Lauderdale
The company plans to invest $1.6 million over the next year for public space improvements and a patio bar redesign. The transaction included the sale of the hotel, vacant land and retail space.
CWI Lands Charlotte Marriott City Center
The REIT acquired the hotel following a $40 million renovation process completed in 2016. The building is now dubbed “The Beta Hotel” due to its ultra-modern features.
Raleigh Office Building Changes Hands for $8M
HFF closed the sale of 3110 Edwards Mill, a 45,692-square-foot, Class A office building in North Carolina. A private investor purchased the asset from The Simpson Organization.
BLT Enterprises Expands San Diego Industrial Footprint
The recent acquisition of a 60,000-square-foot industrial building in Carlsbad, Calif., brings the company’s holdings in San Diego to more than 600,000 square feet.
A&G Realty Launches Non-Retail Division
During the first quarter of 2017, A&G completed 18 transactions totaling $94 million for office, warehouse, higher-education properties and vacant land.
Whitestone REIT Completes $158M Acquisition of BLVD Place
The Houston-based REIT bought the 216,944-square-foot urban mixed-use center from developers Wulfe & Co. and Bailard Inc. BLVD Place is 99.2 percent leased with tenants including Whole Foods Market and Frost Bank.
Iconic Waterside District Opens in Virginia
Following a $40 million investment, The Cordish Cos. and the city of Norfolk opened the Waterside District. The property is located along the Elizabeth River in downtown Norfolk.