Capital improvement
Interstate Hotels to Manage DC Luxury Asset
Junson Capital picked up the recently renovated, 15-story, 319-key Westin Alexandria in January for $76.5 million from Chartres Lodging Group.
Nashville Office Building Commands $13M
A little more than a year after acquiring the downtown property and three vacant lots, Wedgewood sold the portfolio to Speedwagon Properties.
Sun Life Offloads NC Office Portfolio
The transaction, valued at more than $30 million, includes approximately 223,000 square feet near Raleigh-Durham. The seven buildings in the deal will soon undergo renovation work.
Skanska to Build $188M Hollywood Hospital Addition
The new acute care services building for CHA Hollywood Presbyterian Medical Center, along with other upgrades and renovations, will total roughly $291 million upon completion in 2020.
Phoenix Investors Acquires PA Mixed-Use Asset
The 402,000-square-foot property in Athens is the former Ingersoll Rand manufacturing plant. The facility will undergo extensive renovations to become a Class A modernized property.
NoVa Mixed-Use Changes Hands
Westport Capital and Galaxy Investments teamed up on the purchase of Tavern Square and revealed plans to revitalize the 50-year-old building in Old Town Alexandria.
Velocis, CREC Kick Off Major WPB Office Reno
The multimillion-dollar improvement program will include new lobby areas, a creative lounge and the integration of a tenant-focused wellness program dubbed Deeper Breath.
CBRE to Manage, Lease TX Office Portfolio
Bow River Capital acquired Centerview Crossing earlier this year. The park contains nearly 240,000 square feet of Class B office space across seven buildings.
Crescent Picks Up $125M Denver Hotel Portfolio
Situated within a quarter mile of more than 11 million square feet of office space, the two properties are within a 10-minute walk of Colorado State Capitol.
Stockbridge Lands $47M Loan for FL Office
Earlier in January, the owner paid $41.1 million to acquire the 24-story tower and a connected two-story building in Fort Lauderdale’s central business district from U.S. Bank.