Deals
Drury Buys Land for Future Arlington Hotel
Transwestern arranged the sale of a nine-acre site at Lincoln Square West. Drury will develop the first full-service, 268-unit hotel in North Arlington.
Velocis Annexes Two Sugar Creek to Its Office Portfolio
The 143,000-square-foot office development, located in one of Houston’s best markets for office occupancy, was 85 percent leased at the time of the transaction.
Skanska Disposes of $29M Swedish Nursing Facility
The project comprises a retirement home with 72 apartments on five floors. The facility is scheduled for completion by spring 2019.
Joint Venture Nabs Philly-Area Shopping Center
CBRE obtained $18 million in financing for the purchase of Forks Town Center in Easton, Penn. The 100,250-square-foot property is anchored by a Giant Food Store.
HCP Lands New $2B Credit Facility
The instrument includes two six-month extension options at the company’s discretion and the ability to increase the commitments by an aggregate amount as high as $750 million.
Kennedy Wilson, Kennedy Wilson Europe Merge
The unification creates a real estate investment and asset management platform with an enterprise value of $8 billion. Now, KW boasts a global portfolio exceeding 400 assets spanning a variety of sectors.
Redfin Expands Chicago Footprint
SVN arranged a new lease on behalf of the real estate company. The new office is located at the top floor of a building in Chicago’s West Loop.
SVN Sells Westlake Medical Office
Located in the heart of Westlake Village, Calif., the 29,783-square-foot medical building was sold for $8.9 million. The Pacific Bridge Team arranged the transaction.
C&W Secures $13M in Financing for GA Assets
Senior Director Jason Hochman worked on behalf of property owner KAS Partners in arranging the fixed-rate loans for Phoenix Business Park and Kings Landing Office Center.
Scottsdale Office Complex Trades for $53M
Equus and iStar have acquired the asset with a $42.6 million loan provided by Mesa West Capital. The office building marks the joint venture’s second acquisition in Scottsdale.