Deals
IMO Expands Chicago Footprint With Downtown Lease
Following a headquarters relocation to a nearby suburb, the technology company leased 13,424 square feet in a Class A high-rise building.
RXR Realty Lands $182M Refi for NYC Asset
The 665,000-square-foot office property, 470 Vanderbilt, is located in the Clinton Hill neighborhood of Brooklyn. Meridian Capital Group arranged the financing.
CIM Sells Salt Lake City Retail Asset for $48M
Newmark Knight Frank has arranged the disposition of The Family Center at Riverdale, a 427,800-square-foot shopping destination in Riverdale, Utah.
Partnership Sells MOB on Chicago’s North Side
Stanton Road Capital purchased the five-story lakefront medical office building from CarVal Investors and Zeller Realty Group.
Charlotte CBD Office Building Sells for $41M
Anchored by Bank of America, the 10-story property constructed in 1987 last changed hands less than three years ago. CBRE brokered the latest transaction.
Pinterest Inks 490 KSF Lease in San Francisco
The popular website will be the anchor tenant at Alexandria Real Estate Equities’ 88 Bluxome St., in the SoMa neighborhood.
TerraCap Management Expands DFW Presence
Griffin Partners worked with CBRE to sell the roughly 368,000-square-foot, Class A Preston Park Financial Center in Plano, after more than a decade of ownership.
TN Industrial Distribution Facility Trades for $24M
Superior 3rd Party Logistics Inc. already inked a 237,000-square-foot lease at the Couchville Pike Business Center I in Mt. Juliet with the new owner, a Fortress Investment Group-lead joint venture.
DAD Acquires San Diego Hotel for $86M
The purchase of the 353-key Marriott Mission Valley marks the company’s first California foray. The owner also plans to develop a second property on the same site.
Tech Start-Up Broadly Opens Baltimore Office
The Bay Area company moved into a 7,500 square-foot space in the Southeast Baltimore submarket where it plans to hire 50 employees.