Deals
Goldman Sachs to Buy European Budget Hotel Chain
PAI Partners, a leading European private equity firm, confirmed it is in exclusive negotiations to sell B&B Hotels, which has 486 hotels in 12 countries.
Japanese Food Supplier Consolidates Operations Near LA
Mutual Trading Co. has signed a long-term lease at Goodman Logistics Center El Monte, which is under development. The company is expected to occupy the space by year’s end.
Montecito Medical Buys 221 KSF Nashville-Area MOB
The purchase of the fully leased, three-story trophy property in Murfreesboro, Tenn., marks the company’s second acquisition in the metro this year.
Boston-Area Shopping Center Trades for $86M
In a deal arranged by HFF, DWS Group acquired Meadow Glen, a recently revamped shopping center situated 15 minutes away from downtown Boston.
Founders Properties Buys Raleigh Office Portfolio for $23M
The three-building Class C office campus contains nearly 155,000 square feet. The buyer landed $14.5 million in financing for the deal.
Metro Miami Hotel Sells for $40M
London + Regional Properties acquired the 79-key property in Palm Beach, Fla., via a Section 363 bankruptcy sale. The company plans to restore and reposition the asset.
WeWork Inks Downtown San Antonio Leases
The coworking company will occupy 75,000 square feet at the Kress and the Grant buildings. The assets are under renovation, which are anticipated to finish in October.
Transwestern Brokers Maryland Industrial Portfolio Sale
JU Holdings purchased the portfolio consisting of three one-story buildings and one four-story office property located near the Baltimore-Washington International Thurgood Marshall Airport.
Exeter Property Group Purchases Houston Industrial Park
The 245,860-square-foot Century Oaks Business Park is adjacent to a FedEx distribution center and comprises six buildings on a 19-acre site.
Crystal City Office Tower Sells for $100M
Newmark Knight Frank represented Beacon Capital Partners in the disposition of Presidential Tower, a 349,303-square-foot building situated near the future home of Amazon HQ2.