Keith Loria
1 MSF Office Development Lands Approval in San Jose
A joint venture between TMG Partners and Valley Oak Partners has received re-zoning approval for a commercial development in the heart of the city. The proposed project is designed by Kohn Pedersen Fox Associates.
PCCP, Capital Partners Acquire Minnesota Industrial Portfolio
The portfolio consists of properties located within infill locations near freeways throughout the metro. The buildings are a mix of bulk warehouse, light industrial and flex product types.
Leadership Changes Announced at PGIM Real Estate
Cathy Marcus will assume the role when Kevin Smith retires in May, while Alfonso Munk will take on expanded responsibilities, as well.
Pure Industrial Acquires Atlanta Warehouse
The Canadian REIT purchased Phase II of King Mill Distribution Park, a 760,256-square-foot property in McDonough, Ga., from a joint venture between Trammell Crow Co. and Allstate.
20 Sabra Health Care Facilities Command $103M
The assets are part of an original set of 35 properties marketed for sale. Sabra anticipates using the proceeds from the transaction to repay borrowings under its revolving credit facility.
Driftwood Buys 231-Key Dallas Lakefront Hotel
The five-story Hilton is located in The Harbor mixed-use development on Lake Ray Hubbard. TRC Capital Partners was the seller.
Aon Acquires The Townsend Group
With this purchase, the company’s investment organization now manages more than $130 billion of worldwide assets. Morgan Stanley & Co. served as the seller’s financial advisor.
Cresa to Manage National United Access Portfolio
The tenant rep firm netted a contract for 26 industrial and retail properties, spanning from Oregon to New York, for the major supplier of wheelchair-accessible vehicles and equipment.
Two-State Industrial Portfolio Commands $40M
BPP Pacific sold the assets located across Arizona and Colorado in a deal facilitated by JLL. The properties are 92 percent leased to 17 tenants.
NYC Mixed-Use Development Secures $190M Loan
Trinity Place Holdings has begun construction on 77 Greenwich St., which will include luxury condos and a long-awaited public school for Lower Manhattan.