Business Specialties
First Look at the $500M Willis Tower Redevelopment
Blackstone and Equity Office are bringing the former Sears Tower into the 21st century with a mega-makeover that will turn the iconic office building into a modern workspace with leisure amenities, technology and experiential dining.
IMH Lands Historic Sonoma Hotel
The Scottsdale-based group purchased MacArthur Place, a 64-key hotel in California. The new owner intends to upgrade and rebrand the hotel as L’Auberge de Sonoma.
Medical Office Portfolio Commands $230M
MedProperties Holdings is the new owner of 17 multi-state Harrison Street health-care assets totaling 620,000 square feet. The transaction marks the company’s single-largest acquisition in terms of purchase price, number of properties and total square footage.
ORION Facilitates Phoenix Retail Center Sale
Paragon Southern Plaza LLC sold the 16,980-square-foot property for $1.8 million. Southern 19 Plaza is located in a strong trade area near a major artery in the city.
University of Virginia to Open New Educational Facility
UVA will lease 40,000 square feet at Monday Properties’ 1100 Wilson Blvd. in Rosslyn, Va. The space will include stadium-style seating designed for networking events and other business and school-related functions.
Bridge Development to Sell $700M Industrial Portfolio to Duke
The deal encompasses a 3.4 million-square-foot group of properties and two soon-to-be-developed land parcels in key infill markets across Southern California, Northern New Jersey and South Florida.
CBRE to Acquire Heery International
The company is buying the project management solutions provider from Balfour Beatty LLC for $57 million. Heery President Theodore Sak and COO Glenn Jardine will remain on board when the deal closes later this year.
Coastal Ridge Enters TN Market With $57M Acquisition
In a partnership with H. Katz Capital, the company purchased The Preserve at Forest Creek, a 414-unit community in Memphis. Blackstone subsidiary LivCor sold the asset.
Tallest Building in SC Gets New Ownership
The 25-story office building was 87 percent leased at the time of the sale to a mix of tenants including government, law, banking and insurance industries.
CBRE to Lease Memphis Office Park
The new owner acquired the campus in September and selected CBRE’s Ronald Kastner and Patrick Reilly to lead marketing efforts at the property.