Deals
CIP Brokers Oregon Hotel Sale
The company worked on behalf of both the seller and the buyer for the sale of 69-key Howard Johnson Inn near downtown Salem.
Lyft Inks 100 KSF Lease in Manhattan
The ride share company signed on at Hudson Commons, a 28-story creative office tower in the new Hudson Yards neighborhood of New York City.
Top 10 Office Sales in Minneapolis-St. Paul in 2018
Office properties sold in the metro area totaled $1.3 billion in 2018, a hefty increase from the $1 billion posted the year prior.
Foster Financial Buys Detroit-Area Office Asset
The seller, Interwest Capital, owned the two buildings located in the Southfield submarket since 2007 and sold them for $5 million.
Friedman Secures 2 Loans for Suburban Detroit Office Assets
The financing totaled $26.5 million and features a 10-year term as well as prepayment flexibility. Director Ryan Denomme originated the loans.
City+Ventures Enters KC Market with $88M Portfolio Buy
The properties encompass 784,557 square feet in the suburban area of Southlake. JLL handled both the sale and the financing.
PNL Cos. Sells Suburban PA Office Building
The company received $15.5 million for Malvern Executive Center, a Class A property in Malvern, Penn., purchased five years ago through foreclosure.
Driverless Car Firm Signs 48 KSF Pasadena Lease
A CBRE team represented landlord EverWest Real Estate Investors in the transaction valued at $11.4 million with the San Francisco-based GM Cruise.
Admiral Capital Group Buys 2 Dallas-Area Office Assets
Totaling 260,000 square feet, the purchase included Duke Bridges III in Frisco and Parkwood Place in Plano. Stream Realty Partners will handle leasing and property management.
BKM Capital Partners Buys Denver Industrial Asset
The company paid nearly $24 million for the property, which was 100 percent leased to 20 tenants at the time of sale.