Deals
OC Mixed-Use Project Changes Hands for $32M
Former owner Flinn West recently repositioned La Paz Plaza to offer in-demand medical offices, with some retail space. JLL brokered the sale.
Avison Young Opens New Silicon Valley Office
The newest American office represents Avison Young’s 11th in California and 55th in the U.S. Over the past nine years, Avison Young has grown from 11 to 82 offices in 74 markets.
OC Mixed-Use Building Sells for $56M
CBRE brokered the sale of The Triangle, a 204,532-square-foot dining and entertainment lifestyle center in Costa Mesa, Calif., on behalf of a partnership led by Greenlaw Partners.
Blackstone to Lead Cloverleaf Recapitalization
Wells Fargo Securities served as financial advisor and Katten Muchin Rosenman LLP served as legal advisor for the cold storage warehousing and food logistics company during the transaction.
Dalfen Buys 2 ATL Industrial Assets
The industrial properties are proximate to multiple interstates, including The Perimeter. Dalfen acquired several other properties in recent months, bringing its industrial portfolio close to one million square feet.
CBRE Arranges IL Country Inn Hotel Deal
The asset is located along Interstate 88 in Naperville, Ill., and offers convenient access to one of the largest office concentrations outside Chicago.
Summit to Buy Four Hotels for $164M
The company expects to spend approximately $7 million to $9 million in capital improvements over the next two years. This off-market transaction will bring Summit’s year-to-date acquisition activity to nearly $600 million.
Portland’s Tallest Office Tower Changes Hands
Starwood Capital Group has extensive renovation plans for Wells Fargo Center to bring it back to its former status as one of the most iconic Class A office towers in Portland. CBRE and Kidder Mathews will lease the tower.
BoatUS Headquarters Sells in Alexandria, VA
Public Storage has purchased the building for $13.7 million. The firm plans to turn the building into a self-storage facility.
CBRE Adds Tenants to Atlanta Office Center
The latest tenants to join The Towers at Wildwood’s tenant roster are HITT Contracting and Primrose School. Other notable tenants include Thomas Horstemeyer, IBM, The Kellen Co. and General Electric.