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MILAN, ITALY-Initially reported in March, the transaction represents a portion of the $500 million of hotel assets that Starwood has announced it plans to sell by the end of 2003. The new owner is London-based Dorchester Group Ltd.
SPOKANE, WA-Secured by 10 hotel properties, the 10-year loan from Column Financial Inc. has an interest rate of 6.7% and a 25-year amortization. The money will be used to pay down debt.
NASHVILLE, TN-An affiliate of Miami-based Savitar Realty Advisors pays $13.9 million for the former Samsonite manufacturing and distribution facility in Murfreesboro, a suburb of Nashville. The building was converted to a multi-tenant distribution center in 1998.
ROSEVILLE, CA-The building is 100% leased. Tenants include Old Republic Title, Northwestern Mutual Life and Nutter Electric. The buyer is GRAM Properties LLC, a San Jose, CA-based investor.
CLEVELAND, OH- Prime Group Realty Trust of Chicago is selling its only asset in Cleveland to an affiliate of its anchor tenant, National City Corp., which is obligated under a contract to purchase the property.
SEATTLE-Company President Mark Raabe tells GlobeSt.com that the two Capitol Hill projects will get under way this summer and the two projects near Seattle Center will get under was in November. The projects' combined cost is $60 million.
PROVIDENCIALES, TURKS & CAICOS ISLANDS-After acquiring the Grace Bay Club for around $12 million last year, a trio of developers are halfway through a $35 million effort to renovate the resort and add an ultra-luxury condo project to the oceanfront property.
OAKLAND, CA-US Air Conditioning Distributors Inc. leases more than half of a 288,000-sf industrial building on Fairway Drive in San Leandro. It will be used for storage and distribution space and administrative and staff offices.
KENT, WA-The property is in The Boeing Co.'s Pacific Gateway Business Park, which is bordered to the west by the Green River. Mario Segale now owns several hundred acres on both sides of the river and is planning a mixed-use development.
BEAVERTON, OR-The lease by Stealth Services Worldwide backfills a portion of the 100,000 sf that will be vacated in July by First Consumer's National Bank, whose parent company, Spiegel, has filed for bankruptcy.
From Placer.ai
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Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource