Deals
Downtown Miami Office High-Rise Commands $117M
Banyan Street Capital, Independencia Asset Management and Crocker Partners have sold the 33-story Brickell City Tower, in a deal facilitated by CBRE Capital Markets.
Knotel Expands NYC Presence
The workspace innovator signed a 28,820-square-foot lease at 5 Hanover Square in Lower Manhattan and will occupy two full floors in the CIM Group-owned building.
Seafood Chain to Open First NYC Location
Starting with the fourth quarter of 2018, Cousins Maine Lobster will occupy 1,500 square feet on Lexington Avenue in Manhattan.
Rockefeller Group Completes 2 MSF of Industrial in CA
The development firm has sold two of its recently completed buildings in the Inland Empire, totaling 1 million square feet.
Orlando-Area Warehouse Property Trades for $10M
CBRE facilitated the sale of Monroe CommerCenter South in Seminole County, a five-building asset close to Interstate 4. Charles Wayne Investment will handle management functions at the property.
Oxford Cos. Adds Office Asset to Ann Arbor Portfolio
The 10-story building represents one of the most iconic office developments in the city’s south side area. The seller is Equity Commonwealth.
Rialto Acquires MD Industrial Portfolio
Parkway Industrial comprises nine building totaling 711,220 square feet. Transwestern’s Mid-Atlantic Capital Markets Group represented the seller, a global investment manager.
Self-Storage REITs to Merge in $340M Deal
Strategic Storage Trust II will pay holders of Strategic Storage Growth Trust stock a total of $12 per share in cash.
Portland Office Tower Changes Hands
American Realty Advisors and Unico Properties have teamed up to acquire MODA Tower, a 24-story building at 601 SW 2nd Ave. in the city’s downtown.
Goldman Sachs Sells CA Mall for $22M
A global insurance company has purchased the 330,000-square-foot regional shopping mall in Santa Maria, Calif., built in 1976 and spread across 6 acres.