Deals
Exeter Property Buys Inland Empire Distribution Center for $98M
The company bought the Class A facility in San Bernardino, Calif. Bob’s Discount Furniture is the 800,000-square-foot property’s only tenant.
HHM Buys Atlanta Airport Hotel
The 220–guestroom asset is the buyer’s first DoubleTree property—but not its first Hilton—and its sixth at a major airport.
Related Cos. Buys NYC Office Condo in $2.2B Sale-Leaseback
WarnerMedia sold the space at 30 Hudson Yards to an affiliate of Related Cos. The deal is anticipated to close during the second quarter of 2019.
Downtown NYC Tower Inks 95 KSF in Leases
Owner Jack Resnick & Sons signed new deals and expansions at 199 Water Street, its 1.1 million-square-foot office property in Lower Manhattan.
Bay Area Project Lands $515M in Financing
The U.S. arm of China’s Genzon Investment Group is developing the more than 800,000-square-foot office campus in Burlingame, Calif., which will be occupied by Facebook’s virtual reality firm Oculus. A Cushman & Wakefield team secured the financing package.
MSD Partners to Buy 1,000-Key Boca Raton Resort in Florida
A Blackstone affiliate is selling the 2.2 million-square-foot waterfront destination in a transaction scheduled to close in the second quarter.
IL Dual-Tenant Retail Asset Changes Hands
President Chad Firsel from Quantum Real Estate Advisors represented both parties in the $2.7 million transaction. The property last traded almost a decade ago.
Transwestern Buys 1.5 MSF Industrial Portfolio in Columbus
A joint venture between Singerman Real Estate and Green Door Capital has sold a collection of three properties to the firm’s new TSP Value and Income Fund II.
Transwestern Brokers 100 KSF Leases in Miami
Walter Byrd, Ben Eisenberg, Thomas Kresse and Carlos Gaviria worked on behalf of tenants Geodis Logistics and Crowley Logistics in both deals.
Transactions: May 2019
A selection of noteworthy deals announced between 28 March – 18 April 2019.