Deals
REIT Buys Tokyo Hilton Hotel for $560M
Tokyo-listed Japan Hotel REIT Investment Corp. picked up the 453-key property in the city’s Odaiba area, marking the hotel’s second sale in 15 months.
Bain Capital Sells Boston-Area Life Science Asset for $128M
Located in Cambridge, Mass., the property is close to both Harvard and the Massachusetts Institute of Technology.
VICI, Hard Rock to Acquire Ohio Casino for $745M
The companies will purchase the real estate and operating assets of the JACK Cincinnati Casino from JACK Entertainment in separate all-cash transactions.
CapRidge Partners Buys Houston Office Portfolio
HFF arranged the sale and $91.3 million in financing for three properties situated in an urban infill location adjacent to some of the city’s most prominent neighborhoods.
Balfour Pacific Enters Phoenix Office Market With $42M Buy
The iconic Phoenix Corporate Tower is anchored by the Arizona Department of Child Safety and has been renovated multiple times since its construction in 1965.
SIGNA, RFR Close on Chrysler Building Purchase
Abu Dhabi Investment Council and Tishman Speyer have sold off the iconic 77-floor office tower in Midtown Manhattan, plus the adjacent pyramid-topped retail center.
Oil and Gas Consulting Company Renews Houston Lease
The tenant will continue to occupy space on the 32nd floor of Fulbright Tower, a LEED Gold-certified building part of Brookfield Properties’ 4.2 million-square-foot Houston Center office campus.
Decennial Group CRE Venture Launches With $1B Goal
Farpoint Development, Clayco and CRG are behind the investment and development platform, which will focus on projects in designated Opportunity Zones across the U.S. heartland.
Marcus & Millichap Arranges FL Storage Sale
The firm’s Columbus office brokered the sale of a 547-unit self storage facility located in Jacksonville, Fla., roughly 7 miles from the city’s downtown.
Transwestern Sells 2 Lake County Logistics Buildings
Transwestern Investment Group sold the portfolio on behalf of the Diversified International Partners Fund. The warehouse and manufacturing facilities in the suburbs of Chicago total more than 100,000 square feet.