Deals
Newly Developed Retail Center Lands $13M Loan
Meridian Managing Director Noam Kaminetzky arranged the financing on behalf of the owner, an entity affiliated with Miami-based Midtown Realty.
Franklin Partners Buys St. Louis Trophy Office
The 16-story Plaza in Clayton, which Franklin acquired in a partnership with Bixby, is considered to be one of the most desirable office assets in the city area.
Peapod Relocates HQ to Downtown Chicago
The company will be moving all its employees from its suburban headquarters in Skokie, Ill., and the Civic Opera Building to a new 53,000-square-foot office in downtown Chicago.
Harbor, Goldman Sachs Close Denver Off-Market Transaction
The deal represents the ninth value-add office acquisition for Harbor in the last two years and is the firm’s first building in the Denver market.
Hunter Hotels Brokers Sale of AR Hotels
The company facilitated the sale of the 78-key TownePlace Suites by Marriott and the 130-key Candlewood Suites Rogers in Bentonville. Investra Capital Inc. purchased the two assets.
BlackRock Sells LA Office
Eastdil Secured represented the seller of Pacific Corporate Towers, a three-tower office building in El Segundo, Calif., which an institutional investor purchased.
CBRE Arranges Sale of Caribbean Resorts
DLJ Real Estate Capital Partners sold the assets to Wind Creek Hospitality, the principal gaming and hospitality enterprise of the Poarch Band of Creek Indians, Alabama’s only federally recognized tribal entity.
Bridge Lands 243 KSF Dallas-Area Tower
Tower 1320 is a 10-story office building in the Las Colinas submarket of Irving, Texas. CBRE worked on behalf of Arden Group, the seller, in this transaction.
Muller, Cerberus Recapitalize OC Portfolio
The portfolio includes three class A office buildings totaling 841,036 square feet, located in Irvine, Orange and Santa Ana, Calif.
HFF Arranges Colorado Retail Sale
Brookhill Towne Center sits on approximately 8.5 acres. The retail center is 81.5 percent leased to three tenants: Fruehauf’s, Guiry’s and Dollar Tree.