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Xenia also reported on Wednesday it had purchased The Ritz-Carlton Pentagon City, a 365-room luxury hotel in Arlington, VA for $105 million, or approximately $287,670 per key.
Manhattan posted 9.48 million square feet of leasing activity in the third quarter, which was 10.6% higher than volume registered in the second quarter and 15.1% more than deals closed in the third quarter of 2016.
While many cities attempt to tackle the workforce housing issue through legislation and subsidies, private real estate markets can and should allocate more capital than they currently do to the sector, writes EquityMultiple's Soren Godbersen in this <b>EXCLUSIVE</b> commentary.
Plaza 2020, a 105,796-square-foot, class-A office building in the Mission Valley submarket sells to Vista Investment Group, its second significant investment in San Diego since entering the market in January.