Capital improvement
TerraCap Trades Orlando Office for $28M
When the company purchased the asset for $9.3 million in 2014, the building was 26 percent leased. Following a series of renovations, Keller Center has reached full occupancy.
Transwestern Lands Baltimore Office Management, Leasing
Laurus Corp.’s high-rise is centrally located and is home to a number of organizations including the U.S. Department of Justice and Baltimore Development Corp.
Converted Charleston Office Nearing Completion
JLL is overseeing the transformation of the former T-Mobile call center on Daniel Island that will be known as The Landing.
Meritex Grabs Charlotte Industrial Asset
The new owner plans to begin a capital improvement program to reposition the vacant building in the city’s Airport/West submarket.
Choice Hotels Opens Downtown Atlanta Asset
The 104-key Clarion Inn & Suites is positioned near the city’s Mercedes-Benz Stadium and makes up part of the Russell Hospitality Campus at Castleberry Hill.
Marshall Hotels to Manage Central AL Asset
The 63-key Hotel Indigo, previously known as The Hotel Highland at Five Points South, sits a short walk from the University of Alabama at Birmingham.
Historic San Francisco Hotel Changes Management
Sonesta International will operate the 372-key luxury property. The asset, placed in the heart of the Tenderloin neighborhood, opened in 1915.
Phoenix Investors Grabs $14M Industrial Portfolio
The two former Quad Graphics properties, located in rural Tennessee and Illinois, total more than 1.1 million square feet. The new owner plans to renovate both assets.
Hines JV Refinances Orange County Office Campus
The $144 million financing package will be used to retire existing debt and fund leasing efforts for the 452,203-square-foot Class A office asset.
NC Mutual Office Tower Undergoing $11M Revamp
The capital improvement plan, scheduled for delivery in September 2018, includes a series of new additions as well as the rebranding of the property.