Florida
$500M Refi for Trio of Prominent Hotels in NY, Miami, D.C.
Three prominent hotels totaling 1,049 rooms in New York, Miami and Washington, D.C. have been refinanced for $503 million by… Read more
Coming (Maybe) to a Neighborhood Near You: Niido Powered by Airbnb
Home rental agency Airbnb teamed up with developer Niido to operate apartment complexes dedicated to long-term renters and short-term visitors.… Read more
Builders Can Save Time, Save Lives with High-Flying Drones
Whether it’s to check on the progress of a 25,000-square-foot garden being built in a Tuscany vineyard, or getting a… Read more
Vestar Snags Petaluma Retail Center for $55M
Phoenix-based Vestar purchased East Washington Place, a more than 340,000-square-foot shopping center in Petaluma, CA from Regency Petaluma LLC, an… Read more
$29M Construction Financing for Fort Lauderdale Dual-Branded Hilton Development
Mission Capital Advisors arranged $28.5 million in non-recourse financing for the construction of a 218-key, Hilton-franchised hospitality property in Fort… Read more
288-Unit Republic Woodlake Sells to Utah Investor
Triago Holdings LLC acquired Republic Woodlake, a 288-unit, 10-year-old apartment complex on San Antonio’s northwest side. The Utah buyer struck… Read more
Multifamily Operators: Are You Ready for the Next Disaster?
In 2017, Hurricanes Harvey, Irma, Maria and Jose wreaked havoc throughout Texas, Florida and Puerto Rico. The damage total from… Read more
Secondary Markets Leading Multifamily Rent Growth
Even in the midst of increasing multifamily supply, rent growth continues increasing, mainly buoyed by economic growth. And, according to… Read more
Avanath Capital Expands East Coast Footprint
Avanath Capital Management, LLC acquired two affordable multifamily properties totaling 273 units for $29.36 million. The assets include Menlo Manor… Read more
Marriott Raising $750M for $4.7B ILG Acquisition
Marriott Vacations Worldwide Corp. is raising $750 million to fund its previously announced $4.7-billion stock and cash acquisition of Miami-based… Read more
California Apartment Rent Growth Dominates National Rankings
California claimed five of the top 11 spots on Yardi Matrix’s multifamily rent growth rankings. The Inland Empire ranked No.… Read more
AEW Acquires Orlando Retail Center for $73M
AEW Capital Management acquired Center of Winter Park near Orlando from Sterling Organization for $72.75 million. The 244,977-square-foot shopping center was originally acquired by… Read more
Brinker International to Receive $300M for 100 Restaurants
Brinker International, headquartered in Dallas, is selling close to 100 restaurant properties in two separate deals. Once the transactions close,… Read more
Investors Form JV, Snag 900-Unit MF Portfolio for $175M
New York-based GTIS Partners formed a joint venture with Atlanta-based Cortland Partners, and has acquired a pair of multifamily assets… Read more
HCP Forms $605M MOB JV with Morgan Stanley
Irvine, CA-based HCP formed a new $605-million joint venture with Morgan Stanley Real Estate Investing (MSREI) on a two million square foot… Read more
Mill Valley Investor Acquiring Nearly 50 Chili’s in $156M Deal
Mill Valley, CA-based Four Corners Property Trust (FCPT) plans to acquire up to 48 corporate-operated Chili’s restaurants through a sale-leaseback… Read more
MMCC Arranges $7.6M Cash-Out Loan on Shelton Apartments
Marcus & Millichap Capital Corp. has arranged a $7.6-million non-recourse loan to refinance a mixed-use property with 43 apartments and… Read more
Landmark BB&T Tower in Downtown Jacksonville Sold
BB&T Tower, an 18-story, 285,497-square-foot office tower at 200 W. Forsyth St. in downtown Jacksonville, sold for $24.47 million. Transwestern… Read more
Where are Opportunities in Retail Today?
By Dennis Kaiser The recent rally in net operating income (NOI) growth reflects stable property fundamentals and improving financial metrics… Read more