Deals
Lantower Lands 282-Unit Orlando Community
The company has brought its portfolio total to more than 4,800 units with the purchase of Lantower Grande Pines, a recently built community in the I-4 tourism corridor of southwest Orlando.
CREC Arranges $13M Sunrise Retail Sale
CREC Vice President Andrew Remick and Aztec Group Managing Director Peter Mekras worked on behalf of seller CPAC in the transaction.
Millennium Properties Arranges IL Warehouse Transaction
The 30,000-square-foot multi-tenant property is part of a business park located in Wheeling, Ill. It consists of 10 units and is fully leased.
Lee & Associates Signs New Tenants at Phoenix Industrial Park
The Parc 17 property, consisting of three buildings, is located within a few minutes of several major routes, including Interstate 20 and Loop 202.
423 KSF NV Industrial Center Changes Hands
Located at 9460 N. Virginia St. in Reno, Nev., Mary’s Gone Crackers, a Class A manufacturing and distribution center, was purchased for more than $29 million by LBA Realty. A partnership between Kidder Mathews and JLL Capital Markets represented the seller.
Raleigh Office Building Nearing Full Occupancy
Completed earlier this month, Wade IV is the newest addition to the four-building, mixed-use campus dubbed the Offices at Wade.
NH Hotel Group Lands $3B Merger Bid
The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.
NorthStar Realty Europe Sells $95M London Office Complex
Situated in Greater London, Dukes Court comprises 224,000 square feet of office on a three-acre site. Major tenants include HMRC, Kuwait Petroleum and Fidessa Group.
JV to Create Upscale Hotel Brand in Japan
An exclusive joint venture of Hotel Okura Co. and Trinity Investments LLC has revealed its plan to bring a new luxury brand to Japan’s hospitality market.
Griffin Sells DreamWorks Animation HQ for $290M
Newmark Knight Frank represented the seller but also arranged the financing for the buyer, LA Hana OW LLC, an entity of Hana Asset Management and Ocean West. The property is 100 percent triple-net leased through 2035 to the studio.