Deals
Transactions: December 2018
The following is a list of transactions that were announced over the month of October, 2018.
Excel Group Buys DE Marriott Hotel
The hotel opened at the beginning of this year and is located near downtown Wilmington offering convenient access to Philadelphia International Airport.
Investment Banking Firm Relocates to Dallas’ CityLine
JLL negotiated the lease on behalf of Generational Group, which will occupy almost 31,000 square feet of office space in the mixed-use development.
Advisory Firm Inks 42 KSF Lease in Manhattan
FOJP Service Corp. will occupy an entire floor at Empire State Realty Trust’s 111 W. 33rd St. office tower. The space will serve as the company’s new headquarters.
LaSalle Investment Buys Amsterdam Office Tower for $63M
Acting on behalf of its Encore+ fund, a Continental European investment vehicle, the company acquired the 167,900-square-foot Luna Arena from PingProperties.
Driftwood Hospitality Management Expands Hotel Portfolio
The company has purchased Hilton Houston North and Marriott Houston North, encompassing 870 keys combined. The new owner plans extensive renovations for both assets.
Scottsdale Showroom Property Changes Hands
The 110,000-square-foot asset features local and national interior designers, retailers and art dealers. A Cushman & Wakefield team arranged the transaction on behalf of the seller.
Grocery-Anchored FL Retail Center Commands $74M
Investors remain keen on Palm Beach County, where MetLife Investment Management acquired the Shoppes at Isla Verde, a 207,000-square-foot shopping center.
WeWork, ASOS Sign Full-Building Leases in London Submarkets
Kennedy Wilson secured long-term agreements with the coworking giant and the leading online retail group, marking two of the largest European deals in the company’s history.
Central FL Power Center Trades for $26M
Retail Value Inc. sold the Orlando asset located approximately 8.5 miles northeast of Walt Disney World. HFF negotiated the deal on behalf of the seller.