Business Specialties
CBRE Arranges Long Beach MOB Sale
The 26,293-square-foot property changed hands for $6.5 million and was 91 percent occupied at the time of the transaction by a variety of tenants.
Oxford Properties JV Nabs Pair of DC Trophy Buildings
The Canadian company partnered with Norges Bank Real Estate Management for the acquisition of the Class A properties. The assets add up to more than 500,000 square feet of core office space.
Harrison Street Opportunistic Fund Raises $1.1B
Fund VI—which will focus on education, health care and storage assets—surpassed its $850 million target by a long shot, with contributions from more than 65 institutional investors.
Czech Company to Build First Plant in the US
The new $20 million factory will be used for manufacturing, warehousing and storage purposes. Twenty new jobs will be created, including positions in engineering, management and production.
Ventas Exits SNF Business With $700M Sale
The company has reaffirmed its decision to sell 36 skilled nursing facilities to an affiliate of Blue Mountain Capital Management.
Canadian Fund to Buy Houston REIT in $1.2B Deal
CPPIB will be acquiring Parkway Inc., which has a strong local presence, with an office portfolio of about 8.7 million square feet across 19 properties.
Miami-Area Retail Asset Trades in $9M Deal
Todd Weintraub led CBRE’s investment property group in representing both the seller and buyer. The multi-tenant asset has undergone several renovations in recent years.
Aston Properties Inks Lease in Charleston
T-Mobile’s new customer care center, a former Kmart store that closed in March, is expected to ultimately hold 1,200 employees.
Gehr Hospitality Nabs Four Points by Sheraton, Charlotte
BMO Harris Bank financed the acquisition. Real Hospitality Group will manage the 132-key property, which is set to undergo a significant renovation.
Downtown Phoenix Office Building Lands $51M Financing
HFF secured the three-year, floating-rate loan for U.S. Bank Center, a 360,000-square-foot high-rise building. Completed in 1976 and renovated in 2013, the property is 63 percent occupied.