JACKSONVILLE, FL-The Main Street America Group is the latest major tenant to renew a significant lease in Jacksonville’s rebounding office market.
MIAMI BEACH, FL-Sunstone paid $126.1 million for the 409-room Royal Palm Hotel in Miami Beach. Sunstone picked up the 1545 Collins Avenue property in a foreclosure auction.
NAPERVILLE, IL-HFF arranged $23.4 million from Prime Finance, and also engaged TriGate for $8.3 million for the four-building Naperville Corporate Center, now at 65% occupied.
ATLANTA—“Although the outlook for the hotel industry is positive over the next several years, we're seeing more motivated owners selling both non-core and assets requiring significant capital reinvestment…”