Deals
Somerset Buys Former Chicago-Area AT&T Campus
Together with partner Triangle Capital Group, the company will transform the 150-acre property in Hoffman Estates into a self-contained urban core following its unique ‘Metroburb’ concept.
Historic Pittsburgh Office Asset Welcomes New Tenant
Law firm Jackson Kelly took up 12,000 square feet across two floors in the Davis Cos.’ recently restored Union Trust Building.
RAF Pacifica Acquires $60M North San Diego Portfolio
Cushman & Wakefield brokered the sale on behalf of the buyer and sellers. The properties encompass creative office and industrial space.
JV to Develop Major Industrial Park in SC Opportunity Zone
EJF Capital and North Signal Capital teamed up to develop as much as 4 million square feet in the master-planned RiverPort property, located roughly 10 miles from the growing Port of Savannah in Georgia.
citizenM Hotels Gets New Investor, $842M in Equity
GIC, the sovereign wealth fund of the Government of Singapore, will acquire a 25 percent stake in the Dutch hospitality brand in a transaction valuing the company at $2.2 billion.
Transactions: April 2019
A selection of noteworthy deals announced between 21 February – 13 March 2019.
SL Green Sells Manhattan Tower to Savanna for $381M
New York City’s largest office landlord has owned the 39-story office property since 2011. The transaction is expected to close in the second quarter of 2019.
Duke Realty Leases Industrial Asset in DFW
Cherryman Industries, a sustainable office furniture company, will use the 189,200-square-foot warehouse located in the Great Southwest industrial submarket for storage and distribution.
Seattle Office Towers Trade in Record-Breaking $740M Deal
USAA Real Estate and Touchstone’s sale of the Troy Block marks the largest single-asset real estate transaction in the city’s history.
Hillwood Acquires 1 MSF Industrial Property in GA
The industrial owner and developer has purchased Valentine 85 Logistics Center, a recently completed Class A bulk distribution building in Pendergrass.