Business Specialties
JV Sells Fully Leased Office Building in Richmond
Cushman & Wakefield | Thalhimer’s Capital Markets Group brokered the $7.5 million sale of Windsor I, a single-story building within the 62-acre Windsor Business Park.
Wonderful Real Estate Buys Sacramento-Area Office Asset
The two-building property contains nearly 180,000 square feet of Class B space and is fully leased to the Centene Corp.
Atlanta Hotel Lands $31M Refi
HFF arranged the loan for Sheraton Suites Galleria-Atlanta, which has undergone more than $11 million in upgrades since last purchased in 2013.
Home2 Suites by Hilton Opens in MN
Part of a $28 million development, the 107-key project is the second new hotel to come online in Brooklyn Park since 1998.
Mack-Cali to Sell Suburban Office/Flex Assets for $488M
The office and multifamily REIT plans to sell 56 properties in Westchester County, N.Y., and Fairfield County, Conn., to an affiliate of the Robert Martin Co.
Bellwether Secures Acquisition Loan for 2 LA Assets
Working on behalf of a private family firm, the mortgage banking company closed $62 million in financing for two former industrial buildings redeveloped for office use.
Rosenthal, PGIM Buy Richmond-Area Retail Portfolio for $125M
The companies have formed a joint venture to acquire the 745,000-square-foot collection of five grocery-anchored shopping centers from Marchetti Properties.
Data Centers Hit Record Absorption
Northern Virginia continues to outperform other data center markets, racking up more than half of all U.S. leasing in 2018, according to a new report from CBRE.
KBS Inks 196 KSF Lease Renewal in Baltimore
Morgan Stanley has been anchoring the 260,000-square-foot Thames Street Wharf since it was completed in 2010. The building is part of the 27-acre Harbor Point project.
Invesco Real Estate Buys $129M FL Industrial Portfolio
The deal includes approximately 1.9 million square feet of warehouse space spread across three buildings in Jacksonville’s Westside and Northside submarkets.