Deals
Trinity, Broadmark Announce $1.2B Merger
Trinity will acquire Broadmark Capital to create a new commercial mortgage REIT with a value of $1.5 billion.
JBG SMITH Sells $43M Washington, DC Office Building
The company initially acquired the property in 2011 as part of a portfolio transaction. At the time of the current sale, the building was 92 percent occupied.
Rockwell Venture Capital Trades Historic Pittsburgh Asset
Convention Tower, part of the Penn-Liberty Historic District, encompasses two adjoined office buildings constructed in the late 19th and early 20th century.
New Jersey MOB Trades in $20M Deal
The property contains 75,000 square feet amidst a busy health-care corridor, with nearly 3 million square feet of medical office space less than 5 miles away.
Caliber Cos. Acquires Hospital in Phoenix Opportunity Zone
The company plans to invest nearly $10 million in renovating the 96-bed facility, which will house Medical Behavioral Hospital of Phoenix.
Pillar Commercial Expands Dallas Portfolio
A CBRE team represented the sellers, while the debt team arranged a $26.3 million acquisition loan from the Bank of Texas for the buyer.
Connecticut Mixed-Use Asset Trades for $67M
The Greenwich asset is located along the upscale retail corridor also known as the “Rodeo Drive of the East.”
Los Angeles-Area Retail Center Sells for $18M
DH Holdings has added to its portfolio a 47,254-square-foot retail asset in Thousand Oaks, Calif.
SARA Investment Expands St. Louis Footprint
The nearly $9 million office acquisition marks the buyer’s ninth investment in the market. The upgraded asset is in the city’s Northwest suburb.
Stan Johnson Represents ICP in Cleveland Deal
The company arranged the sale of a newly constructed office and distribution center leased to ComDoc, a subsidiary of Xerox.