News
Equus Capital Sells 345 KSF Office in Scottsdale
Working on behalf of the seller, Newmark Knight Frank facilitated the disposition of Raintree Corporate Center, a two-building, multi-tenant asset.
Gencom Pays $100M for FL Hotel Portfolio
The company led a partnership that purchased two Tampa-area properties: The Beachcomber Beach Resort & Hotel and The Grand Plaza Beach Hotel & Beach Resort.
Gladstone Commercial Expands Orlando Footprint
The firm has purchased a nearly 90,000-square-foot office property in the suburb of Lake Mary, Fla., which marks its second acquisition in the metro.
Rockbridge Selects New Management for ME Hotel
Interstate Hotels & Resorts will oversee management operations at the 289-key asset in Portland’s Arts District. The historic property opened its doors in 1927.
Carlyle Group, Explorer Investments Acquire Portuguese Resort
The joint venture purchased the 194-key Penha Longa Hotel & Golf Resort in Sintra, Portugal. A CBRE team advised the buyers in the transaction.
Close-up on the Industrial Market
In a video interview, Ten-X’s Peter Muoio discusses the sector’s challenges and opportunities and sheds light on what’s driving demand in California.
Cook Medical Acquires 850 KSF Facility in NC
The medical devices manufacturer intends to relocate all local workforce to the former R.J. Reynolds Tobacco Co. plant in Winston-Salem’s Whitaker Park.
Welltower to Buy CNL Health-Care Portfolio for $1.3B
The REIT’s acquisition of 55 high-quality medical office buildings and outpatient facilities will expand its holdings by 3.3 million square feet.
Net Lease Retail Cap Rates Flat in Q4, Up for the Year
Industry participants expect an active market in 2019, as well as higher acquisition yields, The Boulder Group reports.
Preferred Office Properties Pays $209M for Charlotte Towers
The affiliate of Preferred Apartment Communities acquired two new Class A properties in the city’s SouthPark submarket.