Business Specialties
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.
Seattle Office Portfolio Receives $135M Refi
Located in the Belltown neighborhood, Martin Selig Real Estate’s Fourth & Battery, 333 Elliott West and Third & Battery total roughly 400,000 square feet.
Taconic Capital Lands 372 KSF Tenant in Dallas
The health-care company will occupy International Plaza I in Farmers Branch, one-half of a two-building office campus, in its entirety.
RioCan to Acquire Full Ownership of 1 MSF Toronto Mixed-Use Asset
The deal consolidates the company’s ownership of Yonge Sheppard Centre while also giving the seller, KingSett Capital, a $75 million stake in the investment trust.
Greenhill & Co. Signs 78 KSF Lease at Rockefeller Center Building
The global independent investment bank will occupy the last available full floors in the redeveloped Sixth Avenue tower formerly known as the Time & Life Building.
South Florida Hotel Project Scores $72M Loan
Menin Development is building a 141-key hospitality property to be operated by Hilton in Delray Beach. Madison Realty Capital provided financing.