News

Skyline Development Group has launched, with the acquisition of a fully approved 14-story project that will deliver 70 boutique condominiums to 8701 Churchill Road in North Bergen.

The purchase of the three-building property highlights the healthy appetite among institutional investors for South Florida industrial product.

Chicago's hotel supply has accelerated over the past few months, due primarily to projects in the River North submarket, the report states. The influx of new product has caused occupancy to decelerate, but only slightly.

The REIT has committed to $3.4 billion in acquisitions for the year.

Element Critical's Northern Virginia facility at 7990 Quantum Drive was built in 1978 and acquired by Safanad Industry Capital Internet Infrastructure, L.P. in 2016 from The Meridian Group.

The properties in the portfolio have an average vintage of 2004, boast low vacancy rates, and offer affordable options for renters in attractive Texas and Florida markets, Starwood Capital states.

Town Center Medical, a class-A building totaling 29,903 square feet at 16545 Southwest Freeway, is directly across from Houston Methodist Sugar Land Hospital.

The nearly $42 million joint-venture transaction consists of 13 apartment buildings, which the firms plan to cohesively rebrand.