Hunt's managing director, Harris Heller, says the transaction demonstrates strong leasing velocity that was fueled by the quality of the construction and strength of the submarket.
SVN Affordable says it targeted "a specific type of buyer" and structured the transaction with a creative capital stack at market pricing that was compelling for the seller.
Cassetti will focus on growing Colliers' operations and business throughout the region, while recruiting top talent and providing clients with the highest level of service.
“This is the 4th hotel Hunter sold for Rockwood in 2018," says Teague Hunter, Hunter's president. "Its institutional-quality portfolio and sophisticated business style allowed the deal to move seamlessly through closing.”
“Millennium offers significant near-term upside for an experienced owner like Morgan Properties to take advantage of all that Conshohocken has to offer,” says HFF's Doug Rodio.
IMC announced its Center City office at a holiday party at celebrated the holidays at Penn Medicine's newly constructed Center for Healthcare Technology building, which IMC engineered.
“This purchase allowed us to acquire two well located properties in our core market that align perfectly with our portfolio," says Todd Minerley, director of acquisitions and leasing for Stro.