Blog Archives

Ashford Prime Making Progress on Lux Remake of Hotel Portfolio

With one property divestiture in the books and a pair of others in the works, Ashford Hospitality Prime Inc. is moving ahead with its strategy to own solely luxury hotels and resorts. The Dallas-based REIT has reached terms with Marriott to convert its Courtyard San Francisco Downtown hotel to an Autograph Collection property. It also […]

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QIC To Acquire Interests in Portfolio of 10 U.S. Regional Malls

QIC, a government owned investment company owned by the Queensland (Australia) Government, is expanding its real estate investment in the U.S. by acquiring additional interests of its joint venture partner, Forest City Realty Capital (NYSE: FCEA), in 10 U.S. regional shopping malls on behalf of a QIC client. The portfolio is valued at $ 3.175 […]

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Duke Realty Buying 12-Property Logistics Portfolio in CA, FL, NJ

Duke Realty Corp. (NYSE: DRE) has agreed to acquire a 10-building, 3.4 million-square-foot industrial portfolio plus two development parcels in Southern California, Northern New Jersey and Florida from Chicago-based Bridge Development Partners, LLC. The transaction, which partially closed last week and expected to be completed before the end of the year, is valued at nearly […]

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Beacon Communities Acquires 59-Property Apt. Portfolio for $250 Million

Boston-based private multifamily firm Beacon Communities has acquired a Pittsburgh-based design-build company and its portfolio of apartment properties totaling 5,300 units in Florida, Louisiana, Kentucky, West Virginia, Ohio and Washington, D.C. in a transaction valued at over $ 250 million, Beacon acquired National Development Corporation (NDC), a developer and builder founded in 1969, along with […]

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Avistone Pays $16.1M for Industrial Portfolio

Avistone LLC acquired two business parks located in Tampa and Saint Petersburg, FL from Calare Properties LLC for an aggregate purchase price of $ 16.1 million, or approximately $ 69 per square foot. The assets that traded include the Airport Corporate Center in the Westshore / Airport Industrial submarket of Tampa and the Bay Tec […]

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