News
Government Properties, Select Income REIT to Merge
Operating as Office Properties Income Trust, the combined company will own 213 properties in 38 states and Washington, D.C.
The Mele Group Arranges Sale of CA Facility
Marcus & Millichap’s Tampa-based self-storage team brokered the sale of a 711-unit asset located in the Inland Empire. The team represented both parties in the deal.
Silicon Valley Whole Foods Nets Hefty Sum
Imperial Hornet Developers purchased a 50,500-square-foot retail property in Los Altos, Calif. Cushman & Wakefield represented the buyer.
Health-Care REITS Sell Into Strength
Institutional investors have taken greater interest in the sector amid faster-changing demographics, according to Fitch Ratings Senior Director Stephen Boyd.
H-E-B Invests in East Austin Tech Facility
The expansion is expected to add hundreds of jobs to the local economy. HPI Corporate Services serves as tenant broker, while IA Interior Architects is in charge with design.
Forest City’s Cleveland HQ Is Complete
Vocon designed the 110,000-square-foot downtown office that the real estate company leased last year, allowing the tenant to reduce its footprint by 40 percent.
Thor Equities Sells London Office Asset for $64M
The firm purchased the property in 2017 and refurbished its facade. The six-story building comprises a little more than 25,000 square feet.
Ares Sells $270M Stake in Denver-Area Hotel Project
Joint venture partners Ryman Hospitality Properties and RIDA Development acquired the alternative asset manager’s interest in the $824 million Gaylord Rockies Resort & Convention Center development.
PEG Cos. Buys Multi-State Marriott Portfolio
The roughly $130 million deal encompasses more than 1,000 guestrooms in eight states. Cantor Commercial Real Estate provided the acquisition financing.
World’s Largest Offshore Wind Farm Begins Operation
Ørsted and two Danish pension funds—PKA and PFA—share ownership of Walney Extension, the 659-megawatt project located off the coast of England.