Deals
Realty Income to Buy $1.3B Retail Portfolio
In addition to more than 450 single-tenant commercial assets, the buyer will pick up approximately $131 million of debt held by the seller.
Brooklyn Industrial Asset Commands $81M
Terreno Realty expanded its presence in New York with the acquisition of the 192,000-square-foot asset in the East Williamsburg neighborhood.
Blackstone Sells Phoenix’s Largest Resort
Trinity Real Estate and Elliott Management have acquired JW Marriott Desert Ridge, a 396-acre luxury property.
TA Realty Tallies $1B From Industrial Sales
In two separate transactions, Blackstone added 68 properties to its industrial holdings and AEW bought 28 assets in Texas.
Aimbridge Hospitality, Interstate Hotels to Merge
The combined company will be a global force in third-party management, providing services to a portfolio of more than 1,400 properties spanning 20 countries.
EQ Office Sells Washington Asset for $231M
The investment vehicle of Spanish tycoon Amancio Ortega acquired the asset just north of the White House from the Blackstone affiliate.
Kansas City-Area Retail Center Changes Hands
Block & Co.’s David Block, Phil Peck and Greg Roberts handled the sale of the 11,172-square-foot asset near the K-7 Highway.
Talonvest Secures $10M for Go Store It
The financing includes a $4.8 million construction loan and a $5.5 million acquisition loan.
Banyan Investment Group Buys Alabama Hotel
An affiliate of the firm acquired the first hospitality property in Tuscaloosa, Ala., to overlook the Black Warrior River.