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The three hotel properties— the DoubleTree by Hilton Hotel Boston – Milford, the Doubletree by Hilton Hotel Boston – Rockland and the Hilton Garden Inn Plymouth—total 433 rooms.
The company, founded in 2002, is currently headquartered in Lawrenceville, GA. Brightree, which is a subsidiary of ResMed, has leased 60,500 square feet of former office and warehouse space at Bureau 125 Tech Park.
The two properties were sold by Aventura, FL-based ESJ Capital Partners and MG3 Developer Group of Hollywood, FL. MG3 was the developer of both charter schools.
Troy Block, two newly constructed class-A office towers, has sold to a private high net-worth family office, representing the largest single asset trade by volume in Seattle history, according to HFF.
“New ownership has the opportunity to renovate and reposition the property in the near term for additional value creation," says Marcus & Millichap's Stephen Lieberman. "Considering the current and future outlook for office space demand in downtown Evanston, ownership should prove to be successful.”
CT Realty recently sold the newly built 1.12 million-square-foot industrial building, NorCal Logistics Center, to Bentall Kennedy (US) Limited Partnership on behalf of its US core fund for $105.3 million.
TSG Group, a boutique, real estate development and investment company, and Linéaire Group, a Miami-based investment and design firm, acquired the 30,000-square-foot land parcel at 1765 North Miami Ave. for $5.9 million.
The labor shortage in construction is one of the biggest drivers of construction costs, and NKBA is recruiting the next generation to help close the gap.
"Jeremy's reputation as a meticulous professional with keen leadership qualities is well-deserved. With his guidance, the firm will continue our out-of-the-box thinking," says founder Malcolm McLaren.