Deals
Transactions: March 2019
The following is a list of transactions that were announced over the month of February 2019.
Tacoma Marriott Lands $78M in Construction Financing
3650 REIT facilitated the loan for the development of a 304-key hotel directly connected to the Greater Tacoma Convention Center.
JV to Acquire Embassy Suites in Baltimore
An HFF team arranged the partnership and secured the acquisition financing. The Hilton-branded hotel previously sold in 2014 for $21.2 million.
Pebblebrook Sells DC Hotel for $142M
After acquiring LaSalle Hotel Properties in November, the REIT embarked upon a disposition program that so far has included eight properties and is expected to continue over the next 18 months.
CityView Commercial Buys GA Retail Center for $45M
JLL arranged the sale of Southlake Mall in the Atlanta suburb of Morrow, working on behalf of Vintage Real Estate, which had owned the property for nearly five years.
Drawbridge Realty Sells Austin Office, R&D Building
The asset was fully leased at the time of sale. HFF arranged the deal on behalf of the seller, which had acquired the property in 2013.
DataRobot Relocates Boston HQ
Starting with September, the company will occupy 56,962 square feet in a premier office tower that Oxford Properties Group owns in the city’s central business district.
Historic Miami Hotel Sells for $103M
Tommy Hilfiger and Turkish conglomerate Dogus Group sold the iconic Raleigh Hotel to a partnership of Deutsche Finance America, Bilgili Holding and SHVO.
Graymark Capital Buys Bay Area Office Building
The Class B asset completed in 1980 is fully leased to Apple and changed hands for more than $45 million.
Farmers Insurance Exchange Signs New Lease in Phoenix
The company will occupy a 17,351-square-foot building, part of the Spectrum Ridge Flex park. Kidder Mathews brokered the transaction on behalf of the owner.