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Chicago tower trades for $80M; Apple Hospitality buys Alaska hotel for $24M

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Chicago tower trades for $80M; Apple Hospitality buys Alaska hotel for $24M

This feature rounds up recent commercial property news and highlights larger deal coverage already published.

* American Realty Advisors sold a 31-story, 246,613-square-foot, 94%-leased office tower at 150 N. Wacker Drive in Chicago to a Hoffman Estates venture for $80.0 million, Crain's Chicago Business reported, citing property records.

* Apple Hospitality REIT Inc. purchased the 135-room Home2 Suites by Hilton at 4700 Union Square Drive in Anchorage, Alaska, for about $24.0 million.

* FIBRA Prologis acquired a 143,400-square-foot, class A building in Prologis Park Toluca in the Toluca submarket of Mexico City for $10.5 million.

* Global Medical REIT Inc. purchased the Stellis Health-Albertville-St. Michael Clinic in Albertville, Minn., for $6.8 million, Finance & Commerce reported.

* A joint venture between affiliates of The Burt Group and Imperial Advisors sold a 47,345-square-foot office building at 1705 Guadalupe St. in Austin, Texas, to Seamless Capital for an undisclosed amount, the Austin Business Journal reported.

* Industrial Property Trust Inc. intends to develop a four-building, 822,473-square-foot business park on the 48.8-acre site at 1250, 1280, 1300 and 1380 NE 48th St., in Pompano Beach, Fla., the South Florida Business Journal reported.

Additional coverage

Lane Partners buys San Jose, Calif., campus for $225.5M

Boston apartment tower changes hands for $145M

Sienna Senior closes C$164M purchase of 2 Ontario assets

Plymouth Industrial closes $100M purchase of 15 Chicago industrial assets

Gladstone Commercial Corp. expands portfolio in Ohio, Utah with $38M deal