Deals
Blackstone Sells Downtown Philadelphia Hotel
A new owner has emerged for the 757-key property, which will regain the Sheraton brand following a $28 million renovation as part of a new franchise agreement with Marriott International.
Cushman & Wakefield Brokers AZ Industrial Sale
Conor Commercial Real Estate and Globe Corp. sold AZ|60 Industrial for $27 million. The two-building property in Gilbert encompasses 225,600 square feet.
CBRE Facilitates Sale of CA Shopping Center
A Nevada-based investor purchased the 195,000-square-foot retail asset in northwestern San Diego County. CBRE’s National Retail Partners-West team represented both parties.
Kirkland Urban in WA Welcomes Retail Tenants
Home Street Bank, AT&T, Top Golf and QFC are among the first tenants of the mixed-use project in Kirkland, leasing more than 120,000 square feet.
Petrus Partners Sells NC Office Park
CBRE provided assistance in the $23.2 million disposition of the four-building CentrePort Office Park in Greensboro. The asset previously traded in 2006.
Brookfield to Acquire Majority Share of Oaktree
The alternative asset management giant inked a deal to purchase 62 percent of Oaktree Capital Management’s business. Both firms will continue to operate independently.
Marcus & Millichap Brokers $9.1M Sale of Chicago Retail Asset
The 27,780-square-foot property, which is located in one of the highest barriers to entry submarkets in the city, underwent complete renovation in 2007.
JV Sells Fully Leased Office Building in Richmond
Cushman & Wakefield | Thalhimer’s Capital Markets Group brokered the $7.5 million sale of Windsor I, a single-story building within the 62-acre Windsor Business Park.
LSTC Expands Michigan Office Portfolio
The California-based company acquired the second building that makes up Butterfield Park Place from Wilson Real Estate, closing its eleventh acquisition in the state.
Wonderful Real Estate Buys Sacramento-Area Office Asset
The two-building property contains nearly 180,000 square feet of Class B space and is fully leased to the Centene Corp.