Business Specialties
German Investor to Buy $120M DC Hotel
Union Investment GmbH has inked an agreement to acquire Thompson D.C., a 225-key project in the Navy Yards district, from a joint venture involving Geolo Capital and JW Capital Partners. The purchase will increase the company’s growing U.S. lodging portfolio to five properties.
Abbey Nails Down $229M Bridge Funding on Retail Portfolio
Represented by law firm Sklar Kirsh, the company recapitalized a 27-property portfolio in California. The assets total 2.1 million square feet of space scattered across Los Angeles, Orange, Riverside, San Bernardino, Fresno and Kern counties.
Bloomberg HQ Awarded 3-Star Fitwel Certification
The 29-story office building marks the first Fitwel certification pursued jointly by a landlord and tenant. In addition, it is the first non-governmental, single-tenant property to be three-star certified.
JV Buys 199-Key Hotel in Downtown DC
The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.
Allen Morris Acquires Land for Atlanta Office Project
Star Metals Offices will offer office and ground-floor retail space, serving as the commercial component of the Star Metals Atlanta development.
QTS Lands Tenant for 24MW in Virginia
In addition to signing a new client, QTS Realty Trust purchased a 61-acre plot adjacent to the facility, which will eventually be developed alongside existing infrastructure.
Etkin Johnson Secures $75M Refi Loan for CO Portfolio
HFF arranged the 10-year, sub-4 percent fixed-rate loan with MetLife to refinance five properties in the Colorado Technology Center.
Federal Capital Sells DC-Area Office Tower for $226M
Harbor Group International is the new owner of One Dulles Tower, a 403,600-square-foot trophy property occupied in its entirety by Amazon Web Services. The deal comes less than three years after FCP purchased the corporate campus in an $84 million transaction.
LA Office Building Commands $196M
NKF Capital Markets represented Lincoln Property Co. in the sale of Wedbush Center, a 21-story tower at 1000 Wilshire in the city’s downtown.
Chicago’s Historic Wrigley Building Could Be Up for Sale
The owners, a group that includes Zeller Realty and BDT Capital Partners, have something to chew on, since the iconic Mag Mile office property may fetch more than $200 million.