The respective properties were acquired through a newly formed joint venture among a wholly-owned subsidiary of Summit, a real estate holding company, and a global institutional asset management firm. The properties will be leased back to the seller on a triple-net basis.
The emerging tech sector in Utah could be the beginnings of a market boom akin to that of Northern California.
A Bay Area tech group has purchased the oceanfront 19-room Sea Ranch Lodge nestled on 52 acres in The Sea Ranch in Sonoma County, but no renovation or expansion plans have been made public as of yet.
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Artificial Intelligence (AI) is transforming what’s possible in CRE. Learn how this innovative technology is allowing property managers to predict a tenant’s behavior, streamline resources, and reduce costs.
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