News
SSGT Invests in Massachusetts
The 840-unit self-storage facility in Nantucket is 91 percent leased and is one of a host of assets the REIT has snapped up across the U.S. this year.
Hilton Garden Inn Opens NC, KY Hotels
The two properties are located in Louisville, Ky., and Jacksonville, N.C., and add up to 278 keys. The brand’s portfolio now includes more than 740 hotels across 33 countries and territories.
Celebrating 30: The Fall of Paired-Share REITs
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: The end of paired-share REITs. Stay tuned for our weekly posts and follow along with us using the hashtag #CPETurns30.
Hilton Hotel to Join NC Mixed-Use Project
Aston Properties traded a two-acre site at Biltmore Station for the development of a Home2 Suites by Hilton hotel in Asheville, N.C. Baywood Hotels intends to start construction this year.
Stonemont Buys $1.3B Net Lease Portfolio
CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.
JLL Facilitates HQ Relocation for Houston Company
INOVA Geophysical inked a 37,715-square-foot lease in Sugar Land, Texas, a suburb of Houston. The seismic company’s new headquarters will be just three miles from its former office.
JLL Brokers Sale of 45-Acre Orlando Site
Exeter Property Group purchased the land for $8.4 million, with plans to begin speculative construction of a large distribution center in Orlando’s Airport submarket.
Informa Consolidates NYC Offices in Midtown
Fisher Brothers will welcome the events and publishing company to 605 Third Ave., a recently renovated Class A office tower. The firm plans to occupy three floors by the first quarter of 2018.
Economy Watch: Architects Keep Busy for Sixth Straight Month
Increases in design billings across all major regions and construction sectors signal future growth in design and construction activity in the coming months, according to the American Institute of Architects’ latest Architecture Billings Index report.
TN Walmart Portfolio Changes Hands in $50M Deal
The portfolio traded with help from NAI Rauch Weaver Norfleet Kurtz & Co. and consists of four stores located Chattanooga, East Ridge, Murfreesboro and Knoxville.