This month the IRS proposed new regulations on what will qualify for first-year depreciation deductions under the new tax plan.

The Statler is now a 159-room Hilton Curio Collection Hotel featuring a 14,000-square-foot ballroom with 10,000 square feet of meeting space, six restaurant venues and two roof pool decks.

In addition to Abrams, the group now joining Compass includes brokers Lisa Rosenthal, Rebecca Olshan, Herman Glaswand, Curtis Woodside and Alexander Vellios.

North Ranch Gateway was originally built in 1989 and recently underwent significant renovations, according to the Sterling Organization. The property was purchased on behalf of Sterling Organization's recently launched institutional fund, Sterling Value Add Partners III, LP.