Deals
City Ventures Buys 147 KSF Office Campus in KC
The company purchased Park Central Plaza in the city’s Country Club Plaza submarket using a $24 million loan from JPMorgan Chase.
StorageVault Buys 38-Asset Portfolio for $206M
After purchasing the properties from Wilmington Capital Management, the active investor now owns or operates 199 storage locations across Canada.
Columbia Property Trust Sells 700 KSF Atlanta Campus for $228M
The disposition is part of the company’s strategy of exiting a non-core market to focus on New York City, San Francisco and Washington, D.C.
Warner Bros. to Move Into 2 New LA-Area Office Buildings
The company’s 800,000-square-foot lease with Worthe Real Estate Group and Stockbridge Real Estate Fund is part of a complex set of deals that will play out through 2023.
MOB Portfolios Change Hands for $90M
In three separate deals, CBRE has facilitated the sale of 23 medical office buildings, 13 of which are situated in the Chicago area.
Marcus & Millichap Brokers Sale of IL Hotel
The buyer took out an $8.5 million loan from Citizens Community Federal to finance the acquisition of the 117-key Hampton Inn and plans to upgrade the property.
Catalyst HRE, Bain Capital Buy Dallas MOB for $21M
The partners purchased the renovated six-story building across from Texas Health Presbyterian Hospital Dallas.
WeWork Signs 55 KSF in Manhattan Leases
The coworking firm continues a growth spurt in its hometown with three more office leases, on top of 92,000 square feet in new space commitments earlier this month.
Celularity Relocates, Consolidates New Jersey HQ
The 147,215-square-foot 170 Park Ave. in Florham Park will house the company’s corporate offices, manufacturing and research and development operations.
Stable Development Buys Atlanta-Area Medical Office Portfolio
Academy Orthopedics sold the three buildings located in Cumming and Buford, Ga. The former owner leases more than half of the space.