Commercial Real Estate Insights Podcast
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South Florida Deals, Hotel Conversions, and Mixed-Use Developments
In this episode, Steve Hamoen starts with an overview of Stockbridge Capital Group's recent acquisition in South Florida. He then delves into Scott Borchetta's hotel conversion project and current trends in office spaces. The discussion shifts to mixed-use development trends, highlighting projects in Dublin and across North America. Steve also covers Accordia's acquisition and future plans for Remount Business Park. The episode concludes with an analysis of Pure Multi-Family REIT's completed sale process and an overview of Electra America. Closing remarks wrap up the episode.
Key Points
- Stockbridge Capital Group has strategically re-entered the South Florida retail market with a significant $118.4 million purchase of Uptown Boca's retail component.
- The trend of converting downtown office towers into hotels is gaining momentum, reflecting shifting real estate strategies in response to evolving urban demands.
- Accordia has marked a major milestone with its first South Carolina acquisition, purchasing the Remount Business Park in North Charleston for $48.05 million, the largest in the firm's history.
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Transcript
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