Business Specialties
Smithfield Foods Invests $100M in NC Facility
The producer plans to create approximately 250 new jobs by building a new distribution center and expanding its storage capabilities in Tar Heel.
PGIM Secures $33 Million Loan for Columbus Retail Center
The financing will support capital improvements to Graceland Retail Center, a 456,021-square-foot property located nine miles from Columbus’ central business district.
KSL, HCC Purchase Utah Ski Resort
Deer Valley Resort offers more than nine properties in addition to its signature collection of private homes and condos. The transaction is anticipated to close prior to the upcoming 2017 to 2018 ski season.
Creative Office Space Coming to Southwest Portland
Point B is developing a 17,000-square-foot, three-story, mixed-use building, which will replace an old house and a small warehouse. Koble Creative Architecture and Abbasi Design Works designed the project.
Hines JV to Develop 250 KSF Phoenix Office Asset
Offices at Chandler Viridian will be an addition to the 25-acre mixed-use Chandler Viridian master plan development. Construction is set to begin in the second half of 2017 and is slated for completion in late 2018.
Fully Leased NJ Industrial Asset Nabs $15M Financing
Arranged by Cushman & Wakefield, the loan was used for Camber Real Estate Partners and Advance Realty’s acquisition of a distribution center in Paterson, N.J.
JW Marriott Chicago Lands $270M Natixis Refi
The 610-key luxury hotel, which opened seven years ago, is located in the former Continental & Commercial National Bank Building in the city’s downtown Loop.
CREG Grabs 259 Acres in MD for Large Industrial Spec
The company will partner with EverWest Real Estate Partners on phase one of construction, which will consist of a 500,000-square-foot speculative warehouse.
Trinity, Oaktree Form $3B Hotel JV
The partners will focus on high-quality, value-add hotels in a handful of markets around the world, including Hawaii, California, Mexico and Japan.
Bentall Kennedy Enters Portland MOB Market
The Class A asset includes space for medical offices, day surgery, on-site diagnostic imaging and laboratories, as well as 3,000 square feet of retail.