News
Goodwill Industries of the Chesapeake Buys Office Building in Downtown Baltimore
Goodwill Industries of the Chesapeake has recently purchased a new building in downtown Baltimore. The acquisition is part of the workforce development agency’s plan to expand the number and quality of services it provides to unemployed and underemployed residents of Baltimore.
SunTrust Bank Tower Sold to South American Group for $140M
Also known as the SunTrust Bank building in Brickell, the 13-story waterfront tower at 777 Brickell Avenue changed hands recently. An undisclosed South American investment group purchased the property and CBRE Capital Markets closed the $140 million sale, marketing the office tower and an adjacent 5-story parking on behalf of an institutional investor advised by CBRE Global Investors. Based on a Property Shark report, Brickell Office Plaza Inc. was the last owner, who acquired the asset in late September 2002 for $44.5 million.
Davidson Hotels, Silverpeak Real Estate Acquire 499-Key Hyatt Regency in Indianapolis
Georgia-based Davidson Hotels & Resorts has joined forces with Silverpeak Real Estate Partners of New York to acquire the iconic 22-story Hyatt Regency in downtown Indianapolis from Hyatt Hotels Corporation. Terms of the deal were not disclosed.
Sealy & Co. Buys Desoto County Distribution Center
Sealy & Company, a commercial real estate investment and operating company, just increased its regional footprint through the acquisition of the Hacks Cross Distribution Center located in Desoto County, MS. At the time of the acquisition, the 240,000-square-foot distribution center was fully leased by hardlines distributor Orgill Inc.
Crescent Communities Announces Five-Acre TOD in Uptown Charlotte
Uptown Charlotte is finally getting a full-sized grocery store. Crescent Communities has announced plans to develop a transit-oriented, mixed-use project in Uptown Charlotte that will include a 47,000-square-foot Whole Foods grocery store.
Economy Watch: Is Consumer Sentiment Important for CRE?
Does consumer sentiment and confidence matter for commercial real estate?
INTERNATIONAL: Brookfield to Develop Apartment Tower in Melbourne
ICD Property has tapped Brookfield Multiplex for the construction of its landmark apartment high-rise in Melbourne’s CBD.
A New Buying Binge for Carey Watermark?
Carey Watermark was more than a little acquisitive in 2014 and 2015 could bring more of the same.
Carter Validus Mission Critical REIT Grabs Two Properties
Taking advantage of Atlanta’s lower operating costs, Carter Validus Mission Critical REIT has jumped on a purchase of two properties.
CBRE Global Investors Closes Sizable Sale of Miami Tower
An institutional investor advised by CBRE’s investment management affiliate is taking advantage of Miami’s “promising” office market.