Deals
Sale of Hyatt Centric Santa Barbara Closes
Chesapeake Lodging Trust sold the 200-key property to an undisclosed buyer after a five-year hold, during which the countywide hospitality market has thrived.
KKR Acquires Office Development in Oakland, CA
TMG reportedly sold the 320,000-square-foot downtown building at 1330 Broadway for more than $173 million, and will continue to provide onsite property and asset management on behalf of the new owner.
Single-Tenant Retail Asset Changes Hands in NM
The 43,484-square-foot property is on the border of New Mexico and Texas. The only tenant of the building is a grocery store.
The Koll Co. Buys 65 KSF CA Office Asset
The firm has added to its portfolio an office building located between Riverside and Orange counties. CBRE worked on behalf of the seller, UBS Realty Investors.
MetLife Investment Management Buys Boston Office Asset for $97M
Standing in for Normandy Real Estate Partners and Westbrook Partners, NKF Capital Markets arranged the sale of the 247,500-square-foot property at 89 A St. in Needham, Mass.
Asana Partners Buys LA Mixed-Use Portfolio
Engine Real Estate traded The Fig Collection at Highland Park for more than $23 million. The three-property portfolio includes multifamily, retail and office space.
Jacksonville CBD Office Tower Fetches $25M
The 18-story building underwent an expansive improvement program under the management of LNR Partners. The special servicer sold the asset with the help of Ten-X.
Equus Capital Sells Major San Jose Mixed-Use Project
Jay Paul Co. acquired City View Plaza, a 580,000-square-foot office and retail asset. NKF Capital Markets negotiated the deal on behalf of the seller.
JV Acquires 350 KSF DC-Area Retail Center
GBT Realty Corp. teamed up with Equity Resource Investments and Avante Financial Group to buy Ellsworth Place in Silver Spring, Md. The asset was 93 percent leased at the time of sale.
MCR Buys $18M DC-Area SpringHill Suites
Located in Fairfax, Va., the 140-key hotel underwent $1.4 million worth of renovations last year. The six-story building dates back to 2009.