Deals
Ace Hotel Downtown LA Sells for $117M
Park Hotels & Resorts sold the asset to pay down debt from its recent acquisition of Chesapeake Lodging Trust.
Pershing Renews 400 KSF Lease at Jersey City Tower
The Bank of New York Mellon subsidiary will retain its global headquarters at 95 Columbus until June 2037.
Solar Frontier Americas Secures Financing for Mustang Two Solar Project
The solar facility is currently under construction on a 1,400-acre site in Kings County, Calif., and is slated to begin commercial operation in 2020.
Munich Re Group Acquires 852 KSF Manhattan Office Tower
The 39-story high-rise is located near a $3 billion development set for completion next year.
Federal Realty Pockets $155M on Silicon Valley Retail Sale
The company sold a portion of its 33-acre San Antonio Center in Mountain View, Calif., under threat of condemnation.
Newly Opened Hyatt Regency Hotel Trades for $190M
The 600-key hotel marks Hyatt’s first full-service property in Portland, Ore.
Zydeco Development Reels in $100M for Austin Portfolio
Amazon and Uber are among the tenants of the five-building collection of industrial and office assets.
North San Diego Office Asset Trades for $24M
At the time of the sale, the 148,488-square-foot building housed four tenants.
Bluejay Management Buys 209 KSF Retail Asset
Walmart fully occupies the property in Steubenville, Ohio, under a net lease agreement.
Upcoming Phoenix Biomedical Campus Lands New Tenant
Transwestern’s Managing Director Mark Stratz and Senior Vice President Scott Baumgarten acted on behalf of landlord Wexford Science + Technology.