News
Longfellow Stretches Footprint With $205M Bay Area Buy
The investor’s latest deal increases its holdings to 4.7 million square feet nationwide. KBS, the seller, continues its streak of high-octane dispositions.
Orlando-Area Shopping Center Sells for $12M
Corporate Property Group Inc. sold the three-building asset completed in 2018. SRS Real Estate Partners negotiated the deal on behalf of the seller.
Self Storage Rents Expected to Fall Over the Summer
Rent growth in the sector continues to be hindered by high levels of new development. Street-rate rents dropped by 1.7 percent nationally.
Chesapeake Agrees to Sell NYC Hotels for $138M
The two Hyatt-branded Manhattan properties are slated to change hands in September, prior to the trust’s prospective $2.7 billion merger with Park Hotels & Resorts Inc.
Washington REIT Sells $485M Retail Portfolio
First Washington Realty acquired the 800,000-square-foot group of five grocery-anchored shopping centers in high-income neighborhoods of the Washington, D.C., area.
KBS Sells Raleigh Office High-Rise
The Class A asset last traded in 2013, when a joint venture that also included Kane Realty Corp. shelled out $98.4 million.
Spectrum Breaks Ground on 577 KSF Charlotte Project
In partnership with Invesco Real Estate, the company began construction on a 5-acre, mixed-use development that includes offices, retail and a hotel.
Harbor Group Buys South Florida Office for $33M
The roughly 101,000-square-foot asset in Sunrise traded for the first time in a decade. The new owner intends to perform capital improvements at the three-story building.
The CPE-MHN Guide to Investing is now available!
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Buying In
Given the challenges of navigating today’s investment waters, CPE and MHN have teamed to produce this Guide to Investing