42
July | August | 2015 Commercial Investment Real Estate
REGIO NAL
OUTLO O K
W E S T
Phoenix Industrial
Sales, 1Q15
Sold 2.1 msf
Average $psf $90
↑ 13%YOY
Average cap rate 7.3
↑ 2bps YOY
Source: Cushman & Wakefi eld
M I D W E S T
Omaha, Neb., Offi ce
Stats, 1Q15
Class Vacancy Asking rent
A 5.9% $20.38
B 12.9% $15.50
C 21.8 $13.32
Source: Investors Realty
Naples' Big Deal
The legendary LaPlaya Beach Resort & Club in
Naples, Fla., has sold for $185.5 million to the
Pebblebrook Hotel Trust, indicating the growing
strength of the Naples market as well the appeal
of resort properties to institutional investors.
The property will continue to be managed by its
former owner, Noble House Hotels & Resorts.
The 189-room luxury boutique resort located on
the Gulf of Mexico has won several awards since
its upscale renovation in 2002 and consistently
rates as a top U.S. and Florida destination
resort. Naples itself boasts increasing hospitality
metrics, attracting clientele from South America
as well as the U.S.
SOUTH
↑ 13 %Y OY Y
↑ 2bps YOY Y ↑
Neb., Offi ce