Business Specialties
CBRE Selected to Lease 6.3 MSF Chicago-Area Industrial Park
Formerly known as RidgePort Logistics Center, the buildings are located on 2,500 acres within 50 miles of central Chicago. The owner plans to greatly expand the park.
Prime Silicon Beach Office Building Recapitalized
Olive Hill Group has partnered with Artemis Real Estate Partners on a roughly 113,000-square-foot creative office asset in downtown Santa Monica, Calif.
Armada Hoffler to Buy Baltimore Asset for $101M
The REIT will acquire Thames Street Wharf, a trophy office tower along the waterfront in the city’s popular Harbor Point development, from KBS.
HBC Plans $1.5B Sale of German Retail Holdings to JV Partner
The deal comes as HBC and other shareholders, including WeWork Property Advisors, offered a plan to take the Canadian-based retail company private.
Best of NeoCon 2019: Products on Parade in Chicago
The 51st edition of the leading commercial design industry event boasts more than 500 brands across nearly 1 million square feet of exhibition space.
DivcoWest JV Sells San Jose Office Asset for $230M
Completed in 1989, the 350,000-square-foot Class A tower last changed hands in late 2015, when it traded for $165.5 million.
Stos Partners Sells Brandywine Distribution Center in San Diego
KKR and Alpha Industrial Properties acquired the 170,011-square-foot multi-tenant asset for $24.4 million. Cushman & Wakefield facilitated the transaction on behalf of the seller.
Eastdil Secured to Go Private in Management Buyout
The financial services firm will sell its majority stake to Eastdil Secured’s management in partnership with Temasek Holdings and Guggenheim Investments. The deal is expected to close later this year.
Global Holdings Lands $340M Refi for Manhattan Asset
The Crédit Agricole loan will be used to retire an existing $320 million financing from Bank of America, which was taken out four years prior.
CBRE to Handle Leasing for Metro Miami Office Building
Senior Vice President Chris Gallagher and First Vice President Peter Messina will manage leasing at the Class A, 64,431-square-foot facility in Miramar.