Deals
JV Buys Minnesota Storage Portfolio
The portfolio includes two properties located in White Bear Lake and Lake Elmo, Minn. and totaling 153,000 square feet of storage space. JLL’s Capital Markets team arranged the sale of the facilities.
Public Storage Expands Nebraska Footprint
The company has added 3D SelfStorage, an 802-unit facility, to its Nebraska portfolio. Bellomy & Co. arranged the sale on behalf of the seller and procured the buyer.
Davis Partners, TH Real Estate Snag CA Industrial Portfolio
CBRE arranged $15.9 million in debt financing on behalf of the partnership for the acquisition of multi-tenant properties located in Riverside and Redlands, Calif.
Jacksonville Industrial Portfolio Commands $77M
Colony Industrial acquired four Class A facilities in the high-growth Florida market. CBRE brokered the deal on behalf of the buyer.
Meridian Sells Majority Interest in VA Office Complex
The firm secured a partnership with MetLife Investment Management for the recapitalization of Boro Station, a recently renovated three-building office property in Tysons.
Banyan Buys 2 GA Hilton Hotels
The company purchased Hilton Garden Inn Columbus and Homewood Suites by Hilton Columbus, and plans to implement a $3.8 million renovation plan.
Tampa Office Building Bolsters Tenant Roster
Brighthouse Financial, a major provider of annuity and life insurance, will occupy roughly 20,700 square feet at The Dilweg Cos.’ four-story Tampa Oaks One.
Ashford Hospitality Completes 22-Hotel Portfolio Refi
The Dallas-based hotel REIT is continuing its strategy of taking advantage of an attractive lending market, closing its second refinancing this year on the heels of several late 2017 transactions.
$45M Financing Earmarked for Iconic SF Hotel
The George Smith Partners team led by Malcolm Davies worked on behalf of The Kor Group to replace an existing construction loan and mezzanine facility.
Lightstone Buys Queens Hilton Garden Inn
The 183-key hotel was completed in 2015 and is LEED Certified. The acquisition will be a joint venture between the company’s REIT II and REIT III.