Deals
Yext Lands in New Manhattan Tower for $150M HQ
The online brand management startup will pay around $1 million in monthly rent for the 142,500-square-foot space in the Vornado Realty Trust property, which will serve as its global headquarters.
Brixton Capital Sells CA Retail Center for $50M
A foreign investor acquired the 290,000-square-foot asset in the Inland Empire through a 1031 exchange. The deal marks Brixton’s seventh disposition over the last six months.
Amazon Inks 48 KSF Lease for Northern Virginia HQ2
The new lease brings the company’s total leased space with JBG SMITH, its partner in the creation of the new headquarters, to 584,500 square feet.
Industrial Property in CA Trades for Record $214M
Pacific Industrial sold the 1.5 million-square foot property to a life insurance company. The facility is fully leased to LG Electronics and FedEx.
MCR Acquires Las Vegas Hotel
The national hotel owner-operator acquired the 139-key Hilton Garden Inn Las Vegas/Henderson, located 10 minutes from the Las Vegas Strip.
Miami Mixed-Use Complex Gets $53M Loan
Guggenheim Partners provided the permanent mortgage financing for the Coconut Grove asset. Whalou Properties purchased the office and retail development spanning more than 281,000 square feet in 2010.
CommonGrounds Inks 46 KSF Lease in LA
The coworking firm has signed a 13-year lease at Lincoln Property Co.’s 915 Wilshire Blvd., in the downtown L.A. financial district.
Orlando Office Portfolio Trades for $33M
Highwoods Properties sold the fee simple interest in the two-building property to Metrocenter Office LLC. CBRE arranged the deal on behalf of the seller.
Arcis Golf Acquires Dominion Golf Group’s TX Assets
The transaction comprises five golf clubs located in Austin, Dallas and San Antonio, bringing Arcis Golf’s Texas facilities to 18.
Spaces Opens 2nd DC Location
The coworking space provider took up 51,000 square feet in a recently renovated Thomas Circle-area property featuring a new private rooftop terrace and concierge-level services.