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Now under construction, a 22-story 304-room full-service Marriott hotel will feature 9,000 square feet of event space and a 10,000-square-foot ballroom directly connected to the Tacoma Convention Center.
“The property's attractive location in the Kinzie Industrial Corridor, on-premise parking and proximity to public transportation and nearby expressways were all factors in our decision to buy,” says Michael Schack, principal of Dayton Street Partners.
The Deutsche Finance America-Bilgili Holding and SHVO joint venture purchased the property in an all cash transaction in partnership with a number of Germany's largest institutions, including Bayerische Versorgungskammer—Germany's largest public pension fund manager.
In advance of Lunar New Year, when cargo volumes typically stall, the Port of Long Beach saw only a slight decrease over last year's record-breaking cargo numbers.
Scott Martin's experience in the health care real estate niche will add depth to Avison Young's office leasing team and strengthen its multi-faceted service-line approach for clients, says the firm's David Fahey.
With the passing of one partner, Rubenstein determined that since cap rates for sales are attractive, and warehouse and logistical center property is in demand, it was a good time to sell, says Mandelbaum Salsburg attorney Owen Hughes.