Business Specialties
City+Ventures Enters KC Market with $88M Portfolio Buy
The properties encompass 784,557 square feet in the suburban area of Southlake. JLL handled both the sale and the financing.
PNL Cos. Sells Suburban PA Office Building
The company received $15.5 million for Malvern Executive Center, a Class A property in Malvern, Penn., purchased five years ago through foreclosure.
Driverless Car Firm Signs 48 KSF Pasadena Lease
A CBRE team represented landlord EverWest Real Estate Investors in the transaction valued at $11.4 million with the San Francisco-based GM Cruise.
Admiral Capital Group Buys 2 Dallas-Area Office Assets
Totaling 260,000 square feet, the purchase included Duke Bridges III in Frisco and Parkwood Place in Plano. Stream Realty Partners will handle leasing and property management.
Atlanta Adaptive Reuse Project Opens Doors
Conversion work at the property began in March 2018, funded by nearly $10 million in construction financing from The State Bank and Trust Co.
New Home2 Suites by Hilton Debuts in Chicago
Akara Partners developed the 17-story property, which features 206 guestrooms and 5,000 square feet of retail space. This marks the opening of the brand’s 300th location.
BKM Capital Partners Buys Denver Industrial Asset
The company paid nearly $24 million for the property, which was 100 percent leased to 20 tenants at the time of sale.
Jacksonville Warehouse Changes Hands for $49M
Wells Fargo originated just shy of $30 million in acquisition financing for Graham & Co.’s purchase of the 877,196-square-foot industrial asset.
Fortune 500 Firm Buys MS Industrial Property
Core5 Industrial Partners sold a 581,000-square-foot building within Desoto 55 Logistics Center. The developer also revealed plans for the construction of three more buildings in the area.
Silverman Group Pays $183M for Multi-State Portfolio
Rubenstein Properties sold 27 industrial assets totaling more than 5 million square feet across New Jersey, Connecticut, Massachusetts, Iowa, Indiana and Alabama.