By Michelle Jarboe, The Plain Dealer | May 26, 2016 at 11:25 AM, updated May 26, 2016 at 2:24 PM | Cleveland.com West Coast parking investors have acquired a large surface lot at the western edge of downtown Cleveland's Warehouse District, in a deal that makes near-term development seem unlikely. On May 11, MVP REIT, Inc., and MVP REIT II, Inc.,…

Agreement Covering Long-Term Renewals on 160 Branches and Purchase of Eight Others Removes Uncertainty for American Finance Trust By Mark Heschmeyer | May 25, 2016 | CoStar A major multi-property lease renewal deal between SunTrust Banks Inc. and American Finance Trust, a non-traded net lease REIT, offers insight on how the ongoing bank branch consolidation may…

13-Property Multifamily Portfolio Goes Up for Grabs By Mark Heschmeyer | May 25, 2016 | CoStar CNL Growth Properties Inc., one of several non-traded REITs managed by Orlando-based CNL Financial Group, has decided to liquidate all of its multifamily properties and dissolve the company after completing a review of strategic options. In a letter to shareholders…

by Mick Tan | May 24, 2016 6:55am | Hotel Management The Kansas City Marriott Country Club Plaza Hotel started the transformation of its guestrooms, public spaces, lobby and bar areas. The renovation will also see the addition of meeting and event space that will have a modern aesthetic with locally inspired elements. Involved in the…

SOURCE: JLL Income Property Trust May 24, 2016 09:01 ET JLL Income Property Trust Expands Industrial Portfolio With Fully Leased Warehouse Acquisition in Chicago CHICAGO, IL--(Marketwired - May 24, 2016) - JLL Income Property Trust (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX) has acquired Aurora Distribution Center, a 305,000 square foot warehouse in the…

May 24, 2016 | By Eamon Murphy | The PE Hub Network Real estate trust KBS Strategic Opportunity REIT II acquired Lincoln Court, a three-story office building in Campbell, California, for $51.5 million. KBS Capital Advisors, external advisor to KBS Real Estate Investment Trusts, is an affiliate of private equity real estate company KBS Realty Advisors. Press…

May 24 2016 | Article by: The DI Wire Steadfast Apartment REIT III Inc., a publicly registered non-traded real estate investment trust, purchased its first community, Carriage House Apartments, a 136-unit complex in the Chicago suburb of Gurnee, Illinois for $7.6 million. In connection with the property acquisition, an annual cash distribution of 6 percent for…

May 20, 2016 17:39 ET | Strategic Storage Growth Trust This Project Will Be SSGT's Second Development in Canada TORONTO, ON--(Marketwired - May 20, 2016) - Strategic Storage Growth Trust, Inc. (SSGT), which is sponsored by SmartStop Asset Management, LLC, recently acquired an industrial facility in Ontario, Canada, for a development opportunity. The development effort is…

May 23, 2016 | By The Morning Call Staff | The Morning Call WEISENBERG TOWNSHIP — A prominent warehouse facility off Interstate 78 in Lehigh County has changed ownership. Industrial Property Trust Inc. of Denver has acquired 9747 Commerce Circle in Weisenberg Township, according to the company's Securities and Exchange Commissionfiling. Industrial Property purchased the property…