Investment
Cannabis Cultivation Facility Coming to Maryland
Innovative Industrial Properties has agreed to acquire a 72,000-square-foot building in Capitol Heights, Md., which will be leased and operated by Holistic Industries.
BLT Enterprises Buys 72 KSF Industrial Building in San Diego
The firm plans to increase the property’s parking ratio and modernize the asset located in Kearny Mesa. The submarket had the lowest vacancy rate of all Central San Diego’s R&D and industrial submarkets last year.
Fort Lauderdale Office Asset Trades for $14M
Cushman & Wakefield represented the seller and secured acquisition financing on behalf of the buyer. The loan will fund leasing costs and future capital improvements.
Doubletree by Hilton SLC Changes Hands
The Plasencia Group represented the seller of the 288-key lakefront property, SLC Hotel Partners LLC, an affiliate of Laurus Corp.
NJ Area Industrial Property Sells for $7M
In a deal brokered by NAI James E. Hanson’s Andrew Somple and Michael Walters, The Hampshire Cos. disposed of a industrial/flex building in Northvale, N.J.
CBRE Arranges Sale of Miami-Area Retail Asset
The sales advisory team worked on behalf of Torburn Partners, a Chicago-based company that is also the developer of the project.
HFF Closes Sale of SC Hotels
The portfolio comprises the 125-key Candlewood Suites in Charleston, S.C., and the 124-key Candlewood Suites in Bluffton/Hilton Head, S.C. HFF arranged the transaction on behalf of the seller, Liberty Group.
Paramount Closes $460M DC Office Sale
The 24-story Waterview tower in Arlington, Va., sold for $711 per square foot, a record-breaking price for suburban Washington.
Furniture Retailer to Build 250 KSF SC Warehouse
Room & Board Inc. is planning to construct a distribution center in Newton, Catawba County, in partnership with The Keith Corp. The Minneapolis-based manufacturer will invest $12.9 million and create 13 jobs during the next three years.
Charlotte Iconic Hotel to Embark on $26M Remake
The metamorphosis of the 374-key Omni Hotel in the heart of the metro’s financial district will revolve around Charlotte’s history with precious metals.