Adriana Marinescu
Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
WeWork Leases 200 KSF in Lower Manhattan
W2O Group and the American Foundation for Suicide Prevention have also committed to occupy a total of more than 85,000 square feet at 199 Water St.
NorCal Hilton Hotel Sells for $50M
Ashford Hospitality Trust is the new owner of the 178-key property in Santa Cruz. Acquisition financing included a non-recourse mortgage loan of roughly $25.3 million.
LaSalle Investment Buys Dallas Value-Add Community
On behalf of its U.S. core open-end real estate fund, the company has acquired a 152-unit multifamily asset in Turtle Creek, Texas. The property previously traded for $48.9 million.
JV to Acquire Embassy Suites in Baltimore
An HFF team arranged the partnership and secured the acquisition financing. The Hilton-branded hotel previously sold in 2014 for $21.2 million.
Farmers Insurance Exchange Signs New Lease in Phoenix
The company will occupy a 17,351-square-foot building, part of the Spectrum Ridge Flex park. Kidder Mathews brokered the transaction on behalf of the owner.
SWAN Sells Medical Office Assets in Atlanta
Ackerman Medical represented the seller in the $18.9 million transaction of four buildings totaling 80,116 square feet, with Elliott Bay Capital Trust as main buyer.
Ackerman Sells 2 Industrial Buildings in Atlanta Area
Part of the Stone Mountain Industrial Park located near Interstate 285, the two facilities add up to roughly 70,000 square feet.
Oberg Medical Signs Full-Building Lease in Chicago
Venture One Real Estate acquired the 60,126-square-foot facility last October and invested in interior renovations. Colliers International represented the tenant.
Boston-Area Residence Inn Trades for $12M
An HFF team represented the seller and procured the buyer of the 130-key property located in the suburban community of Tewksbury, Mass.
South FL Development Lands Financing
The borrower plans to use the $2.2 million bridge loan secured by LV Lending to buy land and start construction of a 40,000-square-foot Key Largo resort.