News
Summit Real Estate Buys Industrial Portfolio
The company has expanded its footprint with a five-property industrial portfolio located in St. Petersburg, Fla. The buildings sold for a total of $17.4 million.
Sun Hill Properties Acquires 2 CO Hotels
The company acquired the two Marriott-brand properties and plans to upgrade both hotels. The TownePlace Suites Denver Southwest provides convenient access to downtown Denver.
CPE Announces the 2018 Executives of the Year
Now in its 22nd year, the CPE Executive of the Year Awards program is adjudicated by a peer vote among leading executives from across the commercial real estate industry and based on accomplishments in the past year. Here’s what made the winners stand out.
Clarion Partners Buys $336M San Francisco Office
Jack Resnick & Sons sold the nearly 430,000-square-foot Class A office asset, which last changed hands as part of a 1.9 million-square-foot portfolio transaction in 2006.
Trammell Crow Appoints New VP
Katherine Lynch has joined the Atlanta business unit and will lead the office’s investment and development activity in the region.
Park Hotels Sells Phoenix Asset for $51M
The lodging REIT’s disposition of the 563-key Pointe Hilton Squaw Peak Resort is part of its portfolio transformation strategy.
Brookfield Pays $91M for Boston Office Asset
Nuveen sold the vintage 152,000-square-foot building in the city’s Seaport District. The new owner is set to reposition the property as a hub for creative and tech communities.
Indianapolis-Area MOB Changes Hands
Montecito Medical expanded its portfolio with a Class A, 42,000-square-foot asset in Greenwood, Ind. Two health-care tenants fully occupy the two-story building.
Knotel Signs New Lease in NYC
The workspace provider will take 39,000 square feet at United Group’s Midtown building. The company’s leases in the metro now total more than 2 million square feet.
Omninet Sells San Diego Office Complex for $19M
The transaction marks the buyer’s entrance into the metro’s office market. A Newmark Knight Frank team brokered the deal on behalf of the seller.