Business Specialties
ASB Real Estate Buys Inland Empire Industrial Asset for $124M
The company acquired the 1.4 million-square-foot Columbia Business Park development in Riverside, Calif., from a client of Washington Capital Management Inc.
Historic New Orleans Hotel Lands $46M Refi
The refinancing for the hotel in New Orleans’ French Quarter will be used to pay off debt and renovate the property.
IPO Filing Reveals Costs of WeWork’s Growth Spree
The flexible office giant’s parent firm revealed that the company lost more than $900 million in the first six months of 2019, while revenue doubled to $1.54 billion.
San Diego-Area Industrial Asset Sells for $7M
Cushman & Wakefield arranged the transaction of the 40,831-square-foot facility on behalf of the seller. The buyer was self-represented in the deal.
Pharma Firm Expands HQ at Metro Miami Office Campus
Biotest Pharmaceuticals Corp. will occupy more than 29,000 square feet at the business park, owned by PG Mainstreet North Forty LLC.
Brookfield Properties Redevelops Top Floors of Iconic Chicago Building
The last six floors of the former Marshall Field and Company building and current home of Macy’s will be turned into modern office space by 2020.
Miami Mixed-Use Project Scores $13M Loan
Coral Rock Development Group and Arena Capital Holdings landed construction financing for the retail portion of a mixed-use project in Hialeah, Fla.
MOB Trades for $10M in Alabama
Grandbridge Real Estate Capital originated an $8 million, 10-year acquisition loan for the new owner.
CrossHarbor Sells Boston-Area Office Asset
A local investor has purchased the majority interest in the two-building office property.
Stan Johnson Brokers Tampa MOB Sale
The 25,634-square-foot multi-tenant property changed hands for $8.6 million. Director James Ullrich, Senior Director Jeff Matulis and Associate Michael Macchia represented the seller.