Business Specialties
CBL Properties Sells MS Retail Center for $32M
Best Buy, Dick’s Sporting Goods, HomeGoods, Michaels and Stein Mart anchor the 216,000-square-foot retail asset located 14 miles north of downtown Jackson.
Bain Capital Sells Life Science Campus for $255M
The company teamed up with Phase 3 Partners to sell the 314,000-square-foot, Class A property in San Diego to a REIT.
GA Shopping Center Trades for $24M
The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick’s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.
Boston Mixed-Use Lands $315M Construction Loan
Madison Realty Capital will provide the financing, while Cain International will contribute most of the equity for the $400 million Raffles Hotels & Resorts tower in the Back Bay neighborhood.
MPT to Invest $1.6B in Multi-State Hospital Portfolio
To retire an existing term-loan debt, Prospect Medical Holdings entered into a sale-leaseback agreement with the trust. The deal involves assets in California, Connecticut and Pennsylvania.
Charleston Opportunity Zone Office Project Breaks Ground
Hunt Real Estate Capital is providing equity financing for the development of a 92,000-square-foot building, slated for completion in late 2020.
With $4B Buy of IPT, Prologis Bulks Up in Key Markets
The all-cash transaction, which includes 37.5 million square feet of assets in 24 markets, will likely close in the fourth quarter.
Cushman & Wakefield Lands South FL Leasing Assignment
The three-building, Class A office campus includes more than 350,000 square feet in Fort Lauderdale, Fla. The owner plans to invest in amenity upgrades.
Onni Group Acquires Orange County Complex for $97M
Decron Properties, which has been paring down its office and retail holdings in recent years, sold Ocean Plaza following 13 years of ownership.
Tishman Speyer Launches Life Sciences Platform
In a partnership with Bellco Capital, the company formed Breakthrough Properties, which will acquire, develop and operate life science properties around the world.