Globest Sectors

Suburban office parks are a viable opportunity for conversion for ambulatory healthcare providers, according to JLL.

Anytime Fitness notes that targeted markets throughout the state include Auburn, Birmingham, Huntsville, Mobile, Montgomery, and Tuscaloosa to name a few.

The deal for the 127-room luxury hotel calculated out to approximately $421,000 per key. The transaction marks Xenia's fourth luxury hotel property acquisition in 2018 and is the company's 41st hotel property in its portfolio.

After several years of slow growth, the office market in Downtown Los Angeles has finally hit is stride.

"The assets serve as strong additions to our growing portfolio," says David Elkouby, president, American Equity Partners.

The recent ULI reports demonstrate the focus on healthy living spaces with wellness extending beyond to the workplace, as companies increasingly pay more attention to employee well-being.

The building is presently divided into three units that are leased to two tenants, and a portion of the site is also leased to Omnipoint for the location of a cell tower.

"Demand for small, Class A warehouse spaces near New York City far exceeds the supply," says Sitex's Blake Chroman.