News
KAMCO, 90 North Buy $75M Ohio Office Complex
In one of the city’s biggest deals this year, the firms completed the acquisition of two office buildings fully leased by the Cincinnati Children’s Hospital for use as its Operations Center through 2032.
Griffin-American REIT Buys $24M MOB in Seattle
Virginia Mason Health System and Swedish Health Services are among the tenants of the 1991-built property. The buyer financed the acquisition using cash on hand and borrowings.
Rising Rates Fuel Steady Growth in Austin
Although the city’s rapid upswing is starting to come down to earth, the metro’s office market benefits from strong job gains, high occupancy and a moderate pace of development.
CPE’s Top 5 July Posts
Miss out on any CPE stories? Here are five of our most popular articles for the month.
Choice Opens 2 NC Hotels
The new locations in Charlotte and Matthews each offer 122 keys, as well as convenient access to and from the Charlotte Douglas International Airport.
Brookfield to Buy Forest City in $11.4B Deal
Scheduled to close during the fourth quarter, the deal would expand Brookfield’s holdings in multiple property types and cap Forest City’s lengthy makeover strategy.
CRE Investment and the Blockchain: A Transactional Perspective
Vasiliki Yiannoulis of Withers’ real estate law practice discusses this new technology’s potentially disruptive impact on the industry over the next few years.
What Does the T-Mobile/Sprint Merger Mean for Wireless Tower REITs?
Following the merger, the tower operators would generate most of their domestic revenue from only three major tenants, which Moody’s believes could increase the new entity’s negotiating power.
CREC Sells Orlando-Area Boutique Office
Heathrow International traded for $10 million, more than double the purchase price of $4.2 million the company paid for the asset five years ago.
Thor Equities Breaks Ground on Chicago Mixed-Use Project
905 West Fulton Market will comprise 108,650 square feet of retail and office space. The finished product is scheduled for completion by 2019.