Deals
Blackstone Bets $4.3B on Bellagio
In a joint venture with MGM Resorts, Blackstone Real Estate Income Trust has agreed to buy the iconic Las Vegas resort.
Adobe Inc. Quadruples Manhattan Lease
The computer software firm expanded to 109,296 square feet at 1540 Broadway, an office tower owned by EDGE Fund Advisors.
Innovative Industrial Buys Michigan Asset, Welcomes LivWell
The company entered into a long-term, triple-net lease agreement with a licensee of LivWell Holdings that is expected to complete some $23 million in tenant improvements.
Queensgate Investments’ $400M US Expansion
The British private equity firm has acquired the boutique hostel brand Freehand Hotels from a consortium that includes an investment firm controlled by the billionaire Ron Burkle.
Meridian Sells Pasadena MOB Campus
The deal comes three years after Meridian acquired Cotton Medical Center, a two-building, 115,000-square-foot asset.
LaSalle Enters Life Sciences Market
The investment management firm has acquired an interest in Illumina’s 793,000-square-foot world headquarters campus in San Diego.
The Boulder Group Closes New Orleans Retail Sale
Partner Jimmy Goodman and President Randy Blankstein represented both parties in the transaction. The property is a newly built Goodwill store.
Tampa Industrial Park Sells for $16M
The asset contains nearly 185,000 square feet across six buildings. Colliers International represented the seller in the transaction.
Texas Storage Facility Changes Hands
Marcus & Millichap’s Fort Worth-based office arranged the sale of a 509-unit facility in Mineola.
Lincoln Property JV Buys $86M Nashville Portfolio
The two office buildings total 460,000 square feet and are located close to the international airport, 6 miles from downtown.