Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Four Corners Property Trust has signed a definitive agreement for the purchase of 20 additional outparcel properties from Washington Prime Group for a purchase price of approximately $37.8 million.
The firm reports it is now accepting investors for its first property, The Ewing Hotel in West Cape May. The boutique luxury hotel is scheduled to open in 2021.
The Cleveland-based privately-held real estate investment management firm, is the new owner of the 417,513-square-foot complex that is currently 87% leased to nine tenants with a weighted average lease term of five to seven years.
GlobeSt.com learns that Aarons aspires to tether the worlds of real estate and technology entrepreneurship together so tightly that his presence in the space is no longer necessary to serve as translation between the two parties.
The new features driven by investor demand include the addition of short-term rental tracking, transaction auto-categorization using machine learning, and a method to organize real estate documents.
Madison International Realty's founder and president Ronald M. Dickerman tells GlobeSt.com lower interest rates will provide positive leverage for CRE's lifeblood.