Minneapolis

Despite rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, many commercial real estate experts remain bullish on the market going into the new year.

With the recent purchases of Northpark VIII and Airpark West V along with the CLT Logistics development, the company's portfolio in the Charlotte metro area is now approaching 1 million square feet.

Beth Pinder has been named to lead CA Management Services, which will oversee operations across the real estate investment company's student and residential housing portfolios.

The partners say the redevelopment plan calls for the office plaza to be converted to medical and “creative” office space that would support lifestyle uses, such as senior housing. Upon completion the project will be called “The Well at Sunset.”

Collin Barr, left, and Rick Collins, named regional presidents, are veterans of The Ryan Companies.

Anytime Fitness notes that targeted markets throughout the state include Auburn, Birmingham, Huntsville, Mobile, Montgomery, and Tuscaloosa to name a few.

"Most of the value-add product still has a demonstrable gap to the newer product, allowing for these opportunities to invest in improvements,” says CBRE's Ted Abramson.

Pebblebrook says the sale price includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019.