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Red Lion is acquiring the economy brand for $27 million in cash.
The project should attract end-users locally, nationally and internationally, says Ackerman's Steve Langford.
3650 REIT has been founded by several veterans in the commercial real estate lending community.
Various indices point to a slowing market but pricing remains strong in several asset classes.
The Meridian Group is keeping a 5% stake in the three-office complex.
Typically the county has seen a higher volume of Class B and Class C industrial leases signed than Class A over the last five years.
The Chinese company has already sold or is seeking to sell two other Hilton spin-offs as it sheds assets to pay down its debt.
There are still technical and legal challenges that must be addressed, but this transaction makes clear that blockchain is headed for commercial real estate.
Moreover, negative quarterly net operating income growth occurred nationally and in ten local markets -- likely due to the seasonality of rents.
The first quarter of 2018 has outperformed the last 22 consecutive quarters, according to Newmark Knight Frank.