Mihaela Coste
Terreno Acquires NJ Industrial Asset for $16M
The property is in close proximity to Newark Liberty International Airport and Newark Port and was vacant at the time of the transaction.
Suburban DC Mixed-Use Development Lands Refi
The refinancing of Westphalia Town Center—a mixed-use development in Prince George’s County—allows the company to continue developing the project and preparing land for commercial and retail uses.
Easterly Government Closes $128M Medical Financing
The 10-year non-amortizing loan is for the Department of Veterans Affairs Ambulatory Care Facility, located in Loma Linda, Calif. The asset was recently acquired by Easterly Government Properties.
HFF Secures Financing for Florida Beach Hotel
The 123-key Days Inn Hotel will feature upon renovations two outdoor pools, upgraded landscaping, fitness and business center, as well as seven additional guest rooms.
Sacramento-Area Shopping Center Trades
Soma Capital Partners, the new owner of Blue Oaks Marketplace, plans general capital improvements to attract a business in the food service space.
TIER REIT Buys Big in TX, Sells in KY
The company acquired a Class A office asset in Plano for $123.3 million and sold a portfolio in Louisville, Ky., for $71.5 million.
Downtown Boston Asset Trades for $63M
Colliers International will be in charge of identifying and securing suitable retail and office tenants for DTX 399. The property has been vacant for 10 years and will undergo a major facelift this summer.
Summit Closes $163M Portfolio Deal
Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.
Century City Office Asset Changes Hands
Harbor Associates shelled out $14.7 million for the property previously occupied by the Spanish Broadcasting System. The new owner plans a comprehensive rebranding and renovation program.
B’More Self-Storage Project Lands Financing
The 993-unit self-storage project will be a conversion of a former textiles office and warehouse facility and is expected to be completed in the second quarter of 2018.