Business Specialties
With $4B Buy of IPT, Prologis Bulks Up in Key Markets
The all-cash transaction, which includes 37.5 million square feet of assets in 24 markets, will likely close in the fourth quarter.
Cushman & Wakefield Lands South FL Leasing Assignment
The three-building, Class A office campus includes more than 350,000 square feet in Fort Lauderdale, Fla. The owner plans to invest in amenity upgrades.
Onni Group Acquires Orange County Complex for $97M
Decron Properties, which has been paring down its office and retail holdings in recent years, sold Ocean Plaza following 13 years of ownership.
Tishman Speyer Launches Life Sciences Platform
In a partnership with Bellco Capital, the company formed Breakthrough Properties, which will acquire, develop and operate life science properties around the world.
Hilton Opens Dual-Branded Hotel in Tampa
The 213-key property, which incorporates both a Hampton Inn and a Home2 Suites, is close to the Tampa Convention Center, Amalie Arena and Old Water Street.
Upstate NY Mall Changes Hands for $30M
Douglas Development Corp. purchased the 961,800-square-foot shopping center in a suburb of Buffalo, with plans to revitalize and rebrand the struggling asset. The deal included an adjacent Wegmans grocery store.
Life House Secures $100M in Equity Capital
The funding from Blue Flag Partners is expected to enable the lifestyle hotel brand and management company to substantially expand its portfolio.
Berkadia Arranges $50M Refi for New Orleans Tower
Working on behalf of Stirling Properties, owner of the 674,000-square-foot Pan American Life Center, the firm orchestrated a 10-year fixed-rate loan through Wells Fargo.
Harsch Investment Begins Vegas Industrial Project
Plans for the development call for nearly 170,000 square feet of Class A space within the firm’s Speedway Commerce Center.
Glassdoor Doubles Up on Chicago Office Space
The popular jobs and recruiting site signed a long-term lease for 52,000 square feet at Trammell Crow Co.’s development in the city’s West Loop submarket.