Business Specialties
Saban Sells, Buys $600M in Office Assets
The investment firm sold a 1.5 million-square-foot national portfolio and, as part of its strategy to acquire government-occupied properties, purchased a 340,000-square-foot building in Washington, D.C.
Lincoln Property, Angelo Gordon Acquire SoCal Office Portfolio
The collection of six Class B properties totals nearly 400,000 square feet and comprises assets in four Orange County, Calif., communities.
Port Covington’s Impact on the Baltimore Office Market
Weller Development President Marc Weller contends that strategically located projects can attract new businesses and bolster leasing activity, despite Baltimore’s recent oversupply struggles. He also shares future plans for the 235-acre megadevelopment.
Wheelock Street Capital Pays $112M for Nashville Office
SunTrust Bank provided the buyer of the recently renovated, nearly 436,000-square-foot Class A high-rise with roughly $72 million in acquisition financing.
Bridge Investment Group Buys Metro Miami Office Campus
Through one of its affiliates, the company paid $74.3 million to acquire Sawgrass Technology Park, an 11-building, 514,332-square-foot complex in Sunrise, Fla.
Nashville High-Rise Development Secures $280M Loan
A joint venture between AECOM Capital and The Congress Group plans to construct a 40-story tower that will include a 232-key luxury hotel and condominiums.
Choice Hotels Opens Southwest FL WoodSpring Suites
The 123-key extended-stay hotel is the newest addition to the brand’s Florida portfolio. The developer, Gold Coast Premier Properties, plans to open several WoodSpring Suites in three states.
Metro DC Hotel Receives $26M Refi
HFF arranged the loan for the 316-key Hyatt Regency Fairfax, which is part of the 650-acre Fair Lakes master-planned community.
Medical Manufacturer Inks 247 KSF Lease in MA
Owners Artemis Real Estate Partners, Drake Real Estate Partners and Pacer Partners signed a renewal and expansion with Nypro Inc. in Devens, Mass.
CBRE Arranges Sale, Financing for FL Retail Center
The Debt & Structured Finance team arranged a $16 million loan on behalf of the buyer of Wellington Green Square, a 90,658-square-foot property anchored by The Fresh Market.