Business Specialties
Friedman Finance Arranges Loan for Detroit Asset
Director Ryan Denomme originated the financing through a local bank. The owner of the property acquired it in shell condition and invested in renovations.
HSA PrimeCare Adds MOB to Suburban Chicago Campus
The facility will be part of Silver Cross Hospital’s campus in New Lenox, Ill., and will house the urgent care, occupational health and primary care clinics.
Menlo Equities Acquires Phoenix Office for $52M
The property, fully occupied by Wells Fargo, is situated within Papago Park Center, a large-scale mixed-use development in Tempe, Ariz.
CRE Industry Cautiously Optimistic on Downturn: Survey
Real estate professionals are confident a market downturn won’t occur until at least 2020, but are notably more pessimistic than in recent years, according to a RCLCO report.
Blackstone, COPT Form $265M Data Center Venture
A non-traded REIT sponsored by Blackstone is forming a JV with Corporate Office Properties Trust to buy a 1.2 million-square-foot portfolio of COPT data centers.
Marcus & Millichap Arranges Sale of Suburban Chicago Retail Asset
Adrian Mendoza, Austin Weisenbeck and Sean Sharko marketed the property on behalf of the seller and also represented the buyer of Bluestone Commons.
Hines Sells San Diego Office Campus for $525M
La Jolla Commons, situated in the University Town neighborhood, includes a pair of Class A towers totaling 724,000 square feet, as well as the potential for further development.
Innovatus Capital Partners Buys San Francisco Asset
The company has acquired the 135,000-square-foot multi-tenant office building from Ellis Partners, which had owned the North Marin property for five years.
The Changing Dynamics of Tenant Engagement
Connecting with building tenants is essential to promoting a healthy work environment, as well as to attracting and retaining new tenants, explained Michael Giese of GlenStar Properties at this year’s BOMA International Conference & Expo.
JV Breaks Ground on Dual-Branded Marriott Hotel
Located in an opportunity zone, the 259-key hotel will include 295,000 square feet of space and 4,200 square feet of meeting space. The property is scheduled to open in 2021.