Deals
The Forum Commands $23M in West Palm Beach
The two-building office complex features a four-story parking garage and provides access to Interstate 75 and the city’s other major transportation hubs.
Equity Office Offloads Suburban Chicago Asset for $47M
The recently renovated five-story office building features 275,000 square feet of space and serves as the corporate headquarters for Essendant.
HFF Secures $51M Refi for Ace Hotel New Orleans
Originally constructed in 1928, the Art Deco-style building was renovated and transformed into a hotel in 2016 by The Domain Cos.
PwC Tower at Park District Lands 56 KSF Tenant
Winston & Strawn will occupy the eighth and ninth floors of the upcoming Dallas office tower. The international law firm is expected to move into the building in the second quarter of this year.
Alabama Reels in $1.6B Toyota-Mazda Plant
The highly coveted auto manufacturing facility project, and the 4,000 new jobs that will come with it, are a coup for Huntsville.
Blackstone to Buy Canada’s Pure Industrial REIT for $3B
Blackstone intends to make this investment through Blackstone Property Partners for its Core+ real estate investment unit. The all-cash transaction is expected to close in the second quarter.
OC Office Tower Trades for $120M
NKF Capital Markets represented Ocean West Capital Partners in the sale of the Class A trophy property. The building is 99 percent occupied.
Integrated Properties Nabs $200M Atlantic City Tower Hotel
The property, a former hotel and casino which opened in 2012 and shuttered two years later, contains 1,400 guestrooms and is expected to bring 3,000 jobs to the city.
CBRE Facilitates Sale of Dayton Manufacturing Building
Wernli Realty Corp. sold the property for $525,000 to commercial plumbing company Frye Mechanical. The asset includes 15,000 square feet of production space and 5,000 square feet of office space.
Hilton Melbourne Rialto Place Changes Hands in FL
The Buccini/Pollin Group has purchased Hilton Melbourne Rialto Place in Melbourne, Fla. The recently renovated, 238-key hotel includes a business center.