Business Specialties
Hellmann Trades Miami-Area HQ for $43M
The full-service logistics company, based in Germany, entered into a long-term leaseback agreement with the new owner, Industrial Logistics Properties Trust.
Achieving Net Lease Equilibrium
The Boulder Group President Randy Blankstein forecasts cap rate performance among net-leased retail, office and industrial assets, citing the potential effect on pricing as a trend to watch.
EverWest, Partners Group Acquire $110M CA Office Campus
Burlingame Bay Office Park comprises two Class A buildings totaling 260,000 square feet. NKF Capital Markets arranged $81.5 million in financing for the purchase and repositioning of the asset.
Douglas Development Lands $53M for DC Office Building
Natixis originated the loan that will be used to refinance the existing construction loan for 1000 F St. NW, and provide capital for tenant improvements.
AccorHotels to Buy $319M Stake in sbe
The partnership deal calls for the French travel and lifestyle group to acquire a 50 percent interest in the Los Angeles-based luxury hospitality company.
DC Spec Office Project Secures $95M Construction Loan
Working on behalf of The Lenkin Co., Cushman & Wakefield arranged a construction loan for 1050 17th St., a 154,000-square-foot speculative development in the city’s central business district.
Hawkeye, Choice to Open 100-Key Minneapolis Hotel
The six-story Cambria property will be situated in city’s theater district, near major sports stadiums including Target Center, Target Field and U.S. Bank Stadium.
Urban Logistics Asset Coming to the Bronx
A joint venture between Innovo Property Group and Square Mile Capital Management will develop the 700,000-square-foot transit-oriented property, slated to open in 2020.
Strive Logistics Relocates Chicago HQ to NEWCITY
The transportation service company is set to occupy the new space this fall. CBRE negotiated the lease on behalf of the tenant and landlord.
Cushman & Wakefield Lines Up $415M Refi for NYC High-Rise
Angelo Gordon & Co., Normandy Real Estate Partners and George Comfort & Sons are the owners of the 750,000-square-foot property at 575 Lexington Ave. in Midtown Manhattan.