Deals
From Tenant to Owner: Making the Switch
How the proprietors of a popular San Francisco restaurant found financing to buy a mixed-use building through a federal loan program.
CBRE Global Investors Acquires Madrid Hotel
An affiliate of Signal Real Estates Opportunities Fund LP sold the 161-key Hotel Exe Moncloa, a four-star property located in the heart of the Spanish capital.
Northstar Commercial Partners Sells Denver Office Property
Northfield Business Center last traded back in January 2015, when the firm purchased it as a value-add investment. Since then, the asset has grown in occupancy by more than 65 percent.
Time Equities Buys Cleveland-Area Office Building
The company paid $7.6 million to PNC Bank—which was also a tenant in the building—in a transaction brokered by CBRE. The asset will be delivered fully vacant.
Tampa Retail Center Trades for $8M
HFF brokered the sale of a 46,904-square-foot shopping center on behalf of the seller, a subsidiary of Cole Corporate Income Trust IV.
AbelsonTaylor Relocating to Chicago’s Old Post Office Building
The health and wellness advertising agency has entered a long-term lease with The 601W Cos. and will occupy nearly 85,000 square feet starting spring 2020.
Ivy Realty Obtains $41M for NJ Portfolio Purchase
Cushman & Wakefield has arranged the financing, which will also help the borrower rebrand the value-add collection of seven industrial assets.
Hines Buys German Office Portfolio for $341M
The purchase, which includes 13 buildings and totals more than 295,275 square feet, marks the fund’s second acquisition of its kind in Stuttgart.
MOB Portfolio Trades for $45M in NY
Jacobson Properties teamed up with Cushman & Wakefield/Pyramid Brokerage Co. to represent the seller in its disposition of five properties totaling more than 200,000 square feet.
LaSalle Investment Buys Dallas Value-Add Community
On behalf of its U.S. core open-end real estate fund, the company has acquired a 152-unit multifamily asset in Turtle Creek, Texas. The property previously traded for $48.9 million.