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BRISBANE, AUSTRALIA-View Hotels acquires its first Queensland hotel property with its purchase of the Clarion Hotel Powerhouse from Jones Lang LaSalle Hotels. It's the fourth Queensland hotel to be sold this year.
MIAMI-Woolbright Development recently paid $13.25 million for the center. Now, the company is selling it to Inland Retail Real Estate Trust Inc. for $18.51 million. Woolbright Development will fund a more than $1 million redevelopment of the center.
NASHVILLE, TN-Commercial Nashville Real Estate Services LLC will cover Middle and East Tennessee with a staff of 15 professionals. The firm was formed by five brokers from Nashville's Mission Property Co. and three pros from locally based Fidelity Real Estate Group.
PORTLAND-A division of freight hauler Schneider National takes one-third of the smaller building at the first phase of Rivergate Corporate Center, a 488,000-sf speculative project by Multi-Employer Property Trust. A 400,000-sf user may soon help launch the 607,000-sf second phase of the development.
TEMPE, AZ-Tandy Leather Co. buys Copper Saguaro Leather to mark its first Arizona location. The 2,000-sf leather craft store's location at 1126 N. Scottsdale Rd. was bought for $30,000, says the CFO for Tandy's parent firm.
LYON,FRANCE-Celogix, Aberdeen Property Investors' specialist European distribution property fund, has purchased two more distribution centres in France: one in Lyon and one in St. Fargeau - Ponthierry. The fund is now almost fully invested and the managers are planning to extend it.
PORTLAND-A division of freight hauler Schneider National takes one-third of the smaller building at the first phase of Rivergate Corporate Center, a 488,000-sf speculative project by Multi-Employer Property Trust. A 400,000-sf user may soon help launch the 607,000-sf second phase of the development.