Deals
MCR Expands Northeast Hospitality Portfolio
The New York-based company acquired a 160-key Hilton Garden Inn near the T.F. Green International Airport in Warwick, R.I.
Lingerfelt CommonWealth Buys Kansas City Office Tower
The acquisition, made in a joint venture with CrossHarbor Capital Partners, marks the commercial real estate investment firm’s entrance into the Midwestern city’s office market.
Cambridge Landmark Nabs 481-Key Hyatt in Milwaukee
Hyatt Corp. will continue to operate the property under its current name. The full-service hotel is located near the Wisconsin Center and the Shops of Grand Avenue.
H5 Expands in WA, Acquires 240 KSF Data Center
The facility marks the company’s 12th operated in the U.S. The property benefits from a low cost of power and qualifies for the state’s tax abatement program.
The Koll Co. Adds OC Flex Building to Portfolio
The building includes office/R&D and warehouse space. The company plans to invest $4 million in upgrading the 77,000-square-foot property.
NKF Capital Markets Arranges Sale of MD Hilton
The 301-key Hilton Washington North Gaithersburg offers a swimming pool and a fitness center. The property is set to undergo an extensive renovation plan under the new owner.
Swift Real Estate Trades San Francisco MOB
The new owner, a joint venture including Harrison Street, picked up the asset for $30 million, funded by a $25 million acquisition mortgage.
Cushman & Wakefield Buys Australian Firm
Based in Sydney, Inc RE is a capital markets firm that has closed transactions valued at nearly $2.3 billion in the 18 months since its formation.
Tour 2 Austin-Area Office Assets Sold by GLL
Showcased in a video by full-service commercial real estate firm Peloton, the buildings last traded in 2013 through a portfolio transaction valued at an estimated $88 million. The tenant roster includes Whole Foods Market, Tesla Motors and Jones Energy.
W.P. Carey Buys $178M Netherlands Retail Portfolio
The 36 assets total 1.5 million square feet and are triple-net leased to the Dutch DIY company Intergamma B.V. for an average of 15 years.