In the past eight years, Kennedy Wilson increased net operating income at Bay Village by 121%, resulting in a pre-tax gain on sale of $20 million to Kennedy Wilson.

The transaction represents the 24th medical office building transaction for Montecito in 2018.

Parks Hospitality also reports that in the near future it will break ground on another Tru by Hilton property in Columbia, SC.

At Home, a national chain of home décor superstores, has signed a 10-year lease for the entire first floor of the retail store comprising 101,488 square feet.

The firm reports it has purchased 1049 Washington Ave. in the South Bronx that will be redeveloped into a 104-unit “Hello W” condominium building.

The financing deal was announced by Square Mile Capital Management LLC, which originated the loan for Goldman Sachs Urban Investment Group and BRP Companies.

The acquisition includes three multifamily properties in the Houston metro area totaling 1,392 units; two properties in Tampa, FL totaling 1,231 units and a 253-unit property in Salt Lake City, UT.

The private placement is expected to close in mid December 2018 in conjunction with the closing of a previously announced portfolio acquisition in Jacksonville, FL.