Investment
Arden Group Adds to its Portfolio in Tampa’s Sizzling Market
Arden Group has been slowly but steadily adding to its portfolio over the last couple of years, and the InterContinental Hotel Tampa Westshore in Tampa, is its latest acquisition.
INTERNATIONAL: Bouwinvest Diversifies Portfolio in the Netherlands
In order to diversify its portfolio in the Netherlands, institutional real estate investment manager Bouwinvest has bought two of the most prominent properties in the country.
Irvine Co. Pays Legacy Partners Pretty Penny for Silicon Valley Office Park
The Irvine Co. has taken Tech Park at Freedom Circle in Santa Clara, Calif., off the hands of Legacy Partners, which the seller called a “win-win for both sides.”
Vulcan Trades Prominent Washington State Office Complex
To raise capital for new investment, Vulcan Real Estate has sold a 20-acre property with strong credit tenants such as Microsoft and Costco Wholesale to Talon Private Capital for a nice chunk of change.
Going Down
(national cap rate performance based on properties and portfolios of $2.5 million and greater)
Donahue Schriber Continues Expansion in Bay Area
Who says retail is a lagging CRE asset? Donahue Schriber Realty Group reportedly shelled out $111 million for Village Oaks Shopping Center in San Jose.
CBRE Negotiates Sale of 7-Acre Miami Development Site
CBRE has orchestrated the sale of a prime parcel of land in downtown Miami, reeling in $8.7 million per acre.
MEPT, Bentall Kennedy Go Shopping in Boston
Showing “strong interest and confidence in the Boston market,” Multi-Employer Property Trust has acquired nine assets in three separate transactions in Boston totaling $250 million.
JBG Reels in Refi for Suburban DC Office Building
JBG has gotten a sizable chunk of change for the refinancing of a highly regarded asset in a strong submarket of the country’s capital.
HEI Hotels & Resorts Trades Aloft Houston Galleria Hotel
As hospitality demand in Houston continues to outpace supply, HEI Hotels & Resorts sells its 152-key select-service boutique hotel to Westpark I.