Acquisitions/Dispositions

News

Whitestone REIT Completes Sale of Legacy Houston Retail Center

John Jordan |

Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.

News

Summit Hotel Properties Acquires Boston-Area Hotel, Sells FL Property

John Jordan |

The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.

News

Moody’s Moves Forward With $278M Reis Acquisition

Erika Morphy |

The waiting period for the acquisition ended on Friday allowing Moody’s to move forward with its bid.

News

Maracay Continues Land Assemblage for 572-Home Community

John Jordan |

Maracay officials say the firm intends to close on the third and last land purchase of 80 acres and 240 homesites in Chandler in early 2019.

News

Maguire Hayden Real Estate Paying $32 Million for Collegeville, PA Office Portfolio

Steve Lubetkin |

The two buildings, which are currently 93%-leased, are home to anchor tenants IQVIA, Fidelity Information Services and FirstService Residential.

Thought LeadershipPresented by Marcus Millichap

Marcus & Millichap Sells 117K SF Industrial Building Valued at $10.95M

Steve Lubetkin |

The property sold for $10.95 million at a 6% capitalization rate.

News

Historically Low Industrial Availability Amps Up Urgency

Lisa Brown |

The ProAmpac campus recently purchased by an EverWest partnership totals three buildings in the Kent Valley submarket, one of Washington’s most in-demand warehouse and manufacturing locations.

News

Affordable Multifamily Sells Near $5B Mile

Lisa Brown |

With a 200-person waiting list, Preston Trace is one of only three affordable housing properties in Frisco, attracted a tremendous amount of interest from investors and ultimately sold above asking price.

East Loop Office Tower Sells for $182M

Brian J. Rogal |

The new owner has successfully repositioned other assets in the CBD.

Detroit Multifamily Sparking National Interest

Brian J. Rogal |

What had been a moribund downtown now throbs with life each workday, and that activity has also spurred a multifamily development boom.