News
Hampshire Cos. to Transform NJ Building to Self Storage
The firm acquired an iconic century-old property in Elizabeth, with plans to redevelop it into a 100,000-square-foot facility.
Granite Properties Buys Houston Office Complex for $78M
The purchase of Eldridge Place, an 824,000-square-foot property in the Energy Corridor, increases the company’s presence in the city to more than 2.3 million square feet.
107-Key Boston-Area Resort Changes Ownership
Newport Hotel Group purchased Nantasket Beach Resort in Hull, Mass. An HFF investment advisory team has brokered the transaction.
Self Storage Rents Slightly Down, Reflecting Seasonality
Large markets in the Northeast and Southwest continued to experience rent growth, however, street-rate rents fell by 1.7 percent on a national level.
Atlanta Hotel Receives $36M Refi
Knighthead Funding originated the loan for the refinancing of Kimpton Overland Hotel. Adjacent to Hartsfield-Jackson International Airport, the asset opened in 2017.
Largest New PACE Construction Project in Ohio Receives Funding
PACE Equity funded more than 22 percent of the capital stack of a highly-sustainable new Homewood Suites and Hilton Garden Inn in Easton Town Center.
The LeClaire Group Arranges Sale of Houston-Area Storage Facility
Marcus & Millichap’s Houston- and Denver-based offices brokered the sale of a 595-unit self-storage facility located in La Porte, Texas.
Brookfield Asset Management Closes $15B Global Real Estate Fund
This is the Toronto-based company’s largest private vehicle to date, exceeding its original fundraising target of $10 billion.
Holder Properties Buys Atlanta Office for $23M
The company purchased the seven-story building in Midtown from ELV Associates, which had owned the asset for nearly 20 years.
CBRE Takes Pulse of Southeastern US CRE
A CBRE update on 18 key cities highlights the prospects for the region’s office, multifamily, retail and industrial sectors.