Business Specialties
Blackstone to Buy Gramercy Property Trust for $7.6B
The transaction will add more than 80 million square feet of high-quality industrial properties to the private equity giant’s holdings.
HqO Presents New Mobile App
The company introduced its platform at Jamestown’s Innovation and Design building in Boston. HqO’s mobile app offers tenants access to utilities, including visitor registration and parking.
Del Frisco’s Expands With $325M Acquisition
The steakhouse restaurant chain has agreed to purchase the Barteca Restaurant Group, which consists of 31 locations operating across 10 states and Washington, D.C.
SL Green Inks Full-Building Lease in Manhattan
In a deal brokered by RKF and JLL, beauty conglomerate Coty Inc. will occupy more than 10,000 square feet of retail space in the firm’s latest Times Square development.
JV Acquires Inpatient Rehab Hospital Outside Austin
Formed in 2011, Baylor Scott & White and Select Medical joint venture has a portfolio of 66 outpatient rehabilitation clinics, three inpatient rehabilitation hospitals and home health rehabilitation services.
Boston-Area Casino Trades for $10M
The 23.5-acre site originally served as a jai alai arena and was redeveloped into a casino in 2008. The new ownership plans to redevelop the property into a mixed-use development as soon as the casino relocates later this year.
H5’s ATL Data Center Starts Expansion
The company will add an additional 22,000 square feet to the facility, which is in one of the country’s top interconnection points, with access to over a dozen metro and long-haul network carriers.
Industrial to Remain the ‘Asset Du Jour’
Demand among investors and developers for industrial product shows no signs of slowing down, Avison Young Senior Vice President Eric Swanson notes in an interview with CPE at the 2018 ULI Spring Meeting.
NHI Nabs Senior Housing Portfolio for $68M
The 320-unit Sunrise Portfolio includes six assisted living and memory care properties located in Ohio and Pennsylvania. Bickford Senior Living will lease the communities.
Sprinklr Renews 40 KSF Manhattan HQ Lease
NKF negotiated the renewal on behalf of American Equities, the property’s landlord. The interim lease offers the company flexibility to expand its office space in the building as the market changes.