Miami

The sale consists of a contractual sales price of $185 million and the release of $3.5 million in member deposits. The total consideration represents approximately $521,000 per key, RLJ Lodging reports.

North Ranch Gateway was originally built in 1989 and recently underwent significant renovations, according to the Sterling Organization. The property was purchased on behalf of Sterling Organization's recently launched institutional fund, Sterling Value Add Partners III, LP.

The deal for the 96-room hotel calculated out to approximately $217,000 per room and increases Chatham's presence in this suburb of Charleston.

Co-founder Jonathan Roth has had a longstanding working relationship with CalSTRS.

Both New Jersey and Florida are undergoing rapid economic growth and expansion, as well as experiencing significant population gains, says John Williams, president of Avanath, leading to increased demand for affordable housing options across both states.

Among the best performing markets in the hotelier's portfolio was the State of Florida where its hotel properties' RevPAR increased 10.2%.

Crowley inked a long-term lease extension and expansion totaling 179,672 square feet to completely occupy a building in Flagler Station Phase II.

This year's MLB spring training generated 7,152 jobs on an annual basis and nearly $253.8 million in wages.