The historic Raleigh Hotel in Miami was purchased by a joint venture between Deutsche Finance America, Bilgili Holding and SHVO for $103 million. The property was held by Tommy Hilfiger and Turkish conglomerate Dogus Group, which had owned the asset since 2014. Deutsche Finance America’s Jason Lucas says, “The Raleigh Hotel is an embodiment of
A private investor, operating under the entity name of 2106 West Gentry LLC, traded a 7,428-square-foot retail property in Tyler, TX to a private buyer based in the North Texas city of Allen, TX. The East Texas seller ended its three-year hold on the asset at 2106 W. Gentry with the transaction. Evan Altemus and
Bethesda, MD-based ASB Real Estate Investments (ASB) completed the all-cash sale of its three remaining data centers and their operations to an affiliate of IPI Data Center Partners Management, LLC (IPI Partners). Pricing details of the transaction were not disclosed. The three assets total 665,000 square feet of space and are located in San Jose,
Connect Apartments is planned next month in Los Angeles. You can get more information and register to attend on this link. Denver-based Continental Realty Advisors (CRA) divested four apartment properties encompassing more than 1,400 units for in excess of $200 million. The properties span four different housing markets including Phoenix, Las Vegas, Memphis and Dallas.
The Hawaii Department of Health plans to build a new $140-million Hawaii State Hospital inpatient psychiatric facility in Kaneohe, HI. The 144-bed facility will have 16-foot high security walls and enclosed courtyards in an effort to improve security. The new 170,000-square-foot psychiatric facility will be built on the upper campus of the state hospital. The multi-story
Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register. Los Angeles-based Salem Partners received final approval from the Honolulu City Council to build a second major project under Honolulu’s Ala Moana Transit Oriented Development Plan. The proposed $750-million project at 1500 Kapiolani Ave. includes 450 hotel and residential units, as well
Bethesda, MD-based Walker & Dunlop expanded its multifamily lending team with the addition of Mark Besharaty as SVP and Chief Production Officer. He joins from Hunt Mortgage Group, and will lead a new initiative focused on multifamily small loans. Walker & Dunlop’s Don King says, “Mark has over 25 years of commercial real estate experience
USG Corporation restructured and secured a 10-year lease extension for its 220,000-square-foot global headquarters space at 550 W. Adams St. in Chicago. The global building materials manufacturer occupies space on floors 11 through 18 of the more than 480,000-square-foot West Loop building. Cushman & Wakefield’s Chris Wood, David Stefancic and Brian Duffy represented the tenant.
The NHP Foundation-Urban Atlantic Fund I LLC acquired four seniors apartment complexes in Connecticut from Beacon Communities LLC. The 404-unit portfolio, located in the Hartford, CT area, consists entirely of Project-Based Section 8 Housing Assistance Payment contracts. The property originally belonged to the Errichetti family. The portfolio consists of: 150-unit Exchange Place Tower Apartments, 44
Murfreesboro, TN-based National Health Investors Inc. has announced it has entered into a $128.3 million joint venture with affiliates of Discovery Senior Living. Six properties, located in Pennsylvania, Maryland and Indiana, will be purchased as part of the transaction. The properties consist of 145 independent units, 356 assisted living units and 95 memory care units.