Pennsylvania
Redevelopment of Hagerstown Retail Center Lures Maryland’s First Boot Barn
Klein Enterprises, a vertically integrated investor, developer and operator of diversified real estate holdings, has completed the redevelopment of the… Read more
CBRE Hotels Capital Markets Institutional Group Arranges $514M Sale of 65-Hotel Portfolio
Atlanta, GA-based CBRE Hotels Capital Markets Institutional Group has arranged the sale of a 65-property, 7,865-key hotel portfolio located across… Read more
Service Properties Trust Sells 65-Property Sonesta Hotel Portfolio for $514M
Newton, MA-based Service Properties Trust has sold a 65-property, 7,865-key hotel portfolio located across 27 states for a total consideration… Read more
Loci Capital, Maifly Development Lock in $92M to Build Class A Multifam in Tampa
Tampa, FL-based Loci Capital and Maifly Development have secured $92 million for the construction of Tampa Heights Apartments, a 321-unit,… Read more
Hersha Hospitality Trust Lets Go of Courtyard Boston South Boston Hotel
Hersha Hospitality Trust has sold the Courtyard Boston South Boston, a 164-key select-service hotel in Boston, MA. Alan Suzuki and… Read more
Fairstead, Intervest Capital Partners Pay $90M for Rockville Townhome Community
Fairstead and InterVest Capital Partners have paid $90 million to acquire the Villas at Rockville, a residential community in the… Read more
PREIT Brings Burlington Stores to Springfield Town Center, Hits Record Occupancy
PREIT has signed a lease with Burlington Stores for a new 30,000-square-foot store at Springfield Town Center in Springfield, VA… Read more
CMBS Loan Delinquencies Tick Upward for Third Consecutive Month
CMBS loans rated by Kroll Bond Rating Agency (KBRA) saw an eight-basis point increase in delinquencies during December 2022. The… Read more
Northmarq Installs Company’s First Washington, DC-Based Investment Sales Team
Capital market resource Northmarq has added its first investment sales team to the company’s Washington, DC office. Christopher Doerr, William… Read more
Richardson Hyatt House Considered for Apartment Conversion
It’s a growing trend. Still sluggish travel and tourism numbers since the pandemic, and acute housing shortages have provided new… Read more
Philly-Based Westover Enters Manhattan Multifamily Market with East Village Acquisition
Philadelphia-based apartment property owner/manager Westover Companies has made its first investment foray into Manhattan, acquiring The Nathaniel in the East… Read more
Tishman Speyer, Mitsui Fudosan JV for Industrial Development, Acquisitions
Tishman Speyer and Mitsui Fudosan America (MFA) have formed a new programmatic joint venture dedicated to the acquisition, development, redevelopment and… Read more
Easterly Government Properties Nears Full Disposition of 10-Property Portfolio for $205M
Washington, DC-based Easterly Government Properties, Inc. — a real estate investment trust focused primarily on the acquisition, development and management… Read more
KKR Adds Apartment Properties in Philly, Brooklyn for North of $500M
KKR fund KKR Real Estate Select Trust Inc. (KREST) acquired two Class A multifamily properties totaling 1,380 units in separate… Read more
Apple Hospitality REIT Spends $85M for Marriott Hotels in Louisville, Pittsburgh
Richmond, VA-based Apple Hospitality REIT, Inc., has acquired the AC Hotel by Marriott Louisville Downtown in Louisville, KY for $51… Read more
AC Hotel by Marriott Louisville Downtown Sells to Apple Hospitality REIT for $51M
Richmond, VA-based Apple Hospitality REIT, Inc., has acquired the AC Hotel by Marriott Louisville Downtown in Louisville, KY for $51… Read more
Nine Property Texas-Heavy Business Park Portfolio Changes Hands
Empire Holdings has sold a nine-building national industrial portfolio to Philadelphia-based Arden Group. The deal included eight freestanding net-leased industrial… Read more
Wafra, Arden Group Launch $1B Venture to Acquire Industrial Service Facilities
Global alternative investment firm Wafra, headquartered in New York, and Philadelphia-based fund manager Arden Group formed a $1-billion venture to… Read more
Puttshack Completes $150M Growth Round with Blackrock Funds
Chicago-based Puttshack, an upscale tech-infused mini golf experience with global food and beverage, has completed a $150-million growth capital round… Read more