Business Specialties
Japanese Food Supplier Consolidates Operations Near LA
Mutual Trading Co. has signed a long-term lease at Goodman Logistics Center El Monte, which is under development. The company is expected to occupy the space by year’s end.
Metro Storage Lands $78M Refi for 8-Property Portfolio
The bridge loan is for Class A facilities situated in suburban areas of Illinois, New Jersey and Pennsylvania. Talonvest Capital negotiated the financing.
Boston-Area Shopping Center Trades for $86M
In a deal arranged by HFF, DWS Group acquired Meadow Glen, a recently revamped shopping center situated 15 minutes away from downtown Boston.
Founders Properties Buys Raleigh Office Portfolio for $23M
The three-building Class C office campus contains nearly 155,000 square feet. The buyer landed $14.5 million in financing for the deal.
Metro Miami Hotel Sells for $40M
London + Regional Properties acquired the 79-key property in Palm Beach, Fla., via a Section 363 bankruptcy sale. The company plans to restore and reposition the asset.
Hyatt to Open First Regency Hotel in Lisbon
Scheduled to open in 2020, the first Hyatt hotel in Portugal’s capital will offer 200 keys. The property will be situated near two UNESCO World Heritage venues.
WeWork Inks Downtown San Antonio Leases
The coworking company will occupy 75,000 square feet at the Kress and the Grant buildings. The assets are under renovation, which are anticipated to finish in October.
Pittsburgh Property Scores Sustainability Trifecta
An adaptive reuse project at Phipps Conservatory and Botanical Gardens in Schenley Park earned top ratings in three rigorous certification programs.
Crystal City Office Tower Sells for $100M
Newmark Knight Frank represented Beacon Capital Partners in the disposition of Presidential Tower, a 349,303-square-foot building situated near the future home of Amazon HQ2.
Metro Storage Opens GA Facility
The firm has expanded its portfolio with a 586-unit self storage asset in Austell, approximately 20 miles of downtown Atlanta.