Business Specialties
Jernigan Buys Stake in NY Self-Storage Facility
The REIT acquired its development partner’s interest in the 105,300-square-foot, multi-story facility at 1775 Fifth Ave. in Bay Shore, on Long Island.
Hampshire Cos. Enters Opportunity Zone Market
The firm is partnering with Danitom Development to redevelop 250 Essex St. in Hackensack, N.J., formerly home to the Arena Diner.
Flaherty & Collins to Develop $170M Michigan Project
The City of Warren and General Motors are the other partners involved in delivering Warren Town Center. Construction is scheduled to start before the end of 2019.
Minneapolis-Area Logistic Centers Command $26M
CBRE Capital Markets facilitated the sale of a 386,295-square-foot core-plus portfolio to Cabot Properties. The buildings were 88 percent leased at the time of the acquisition.
CIM Group, Golub & Co. Acquire Chicago Tower for $138M
The two longtime joint venture partners added 444 N. Michigan, a 36-story office tower in the heart of downtown, to their Chicago holdings.
Equus Acquires Seattle-Area Complex for $38M
The tech campus is located in the Bothell submarket and consists of more than 200,000 square-feet of office and flex space. Investcorp was the seller in the transaction.
Hertz Investment Acquires VA Asset for $79M
The company purchased Dominion Tower, an approximately 403,300-square-foot building that is the largest office property in Norfolk, Va., from Harbor Group International.
WeWork Inks 236 KSF Lease in New York City
The coworking giant’s lease makes up nearly a third of CIM Group’s 1440 Broadway. WeWork will also get a private entrance and lobby at the building.
Citrine Advisors Secures $7M in Financing for Bay Area Property
Continental Partners arranged the loan to facilitate the purchase and renovation of the 34,149 square-foot mixed-use building in San Leandro, Calif.
Hines Partners With Workwell on Tenant App
The partnership will roll out the all-in-one app in cities like Houston and New York and in the United Kingdom first, before expanding to the rest of its global portfolio.