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CHICAGO—The sale of 38 Hyatt Place and Hyatt House properties to Dallas-based Lone Star was the second lodging portfolio deal announced on Thursday, and the fourth in the extended stay and select service space in as many months.
TAMPA, FL— Marcus & Millichap Real Estate Investment Services has named Michael Mele to the post of senior vice president investments at its Tampa office.
NEW YORK CITY—Since being launched a year ago, R3 Funding has arranged more than $150 million in originations and provided $450 million in workout advisories. Founder Ray Potter gives GlobeSt.com the hows and whys.
ORLANDO, FL—Tampa-based Landmark Apartment Trust reports it has purchased the 342-unit Landmark at West Place multifamily property here. The multifamily REIT funded the acquisition through a 1031 exchange, utilizing a portion of proceeds from a previously announced disposition.
TAMPA, FL—Franklin Street's Darron Kattan tells GlobeSt.com's Jennifer LeClaire that tertiary markets and MSAs are still seeing good activity and offers one recent example to prove his point.