Deals
Broadbridge Financial Signs Lease at Manhattan Tower
The global fintech firm will occupy 85,000 square feet at a 44-story, Fisher Brothers-owned building. The property underwent $25 million in capital improvements two years ago.
Penumbra Expands CA Presence With Sacramento Lease
Penumbra will occupy more than 150,000 square feet at the Roseville Innovation Park. A joint venture between Farallon Real Estate Partners and Strada Investment Group owns the property.
CBRE Brokers $41M LA Retail Center Sale
A joint venture between Hutensky Capital Partners and Festival Cos. sold the 112,000-square-foot Santa Fe Trail Plaza in El Monte.
Belgium Food Science Company Coming to Chicago
The firm will open an innovation center at Condor Partners’ Mural Park, an upcoming creative office building in Chicago’s Pilsen neighborhood.
HFF Arranges Sale of Portland Retail Center
As the new owner of the asset, Asana Partners plans to make significant enhancements to the property and push leasing efforts to attract new tenants.
JV to Acquire Detroit Casino-Hotel for $1B
VICI Properties and Penn National Gaming entered into an agreement to purchase the Greektown Casino-Hotel, which includes 100,000 square feet of casino space and a 30-story hotel tower.
Commerz Real Pays $194M for Chicago Office Building
The investment management affiliate of a Germany-based financial institution has acquired The National, an historic 520,000-square-foot asset.
DC Office High-Rise Changes Hands for $338M
Invesco Real Estate sold the 331,000-square-foot trophy building near the White House. Safety, Income & Growth Inc. originated a $150 million ground lease on behalf of the buyer.
Peakside, Madison Sell Frankfurt Office Asset
The joint venture acquired the 516,600-square-foot Frankfurt Airport Center last year and invested in an extensive refurbishment program. Tenants include Lufthansa, Fraport and Airport Club.
NY Transit Agency Acquires Grand Central Terminal
The iconic Midtown Manhattan landmark and two commuter railroad lines are part of an approximately $35 million deal. The seller is a private holding company.