Deals
Prologis Sells Iconic San Diego Asset
Voit Real Estate Services arranged the sale of the 102-year-old Sante Fe Depot, which offers mixed-use development opportunities. Heritage Architecture & Planning will be in charge of restorations.
Hines, Goldman Sachs Pick Up OC Office Park
Two years after Hines and a subsidiary of a fund managed by Oaktree Capital acquired 4000 MacArthur in Newport Beach, Calif., the firm joined forces with an affiliate of Goldman Sachs to own and manage the property.
Palm Beach Office Building Commands $9M
The C&W team of Michael Osiecki and Mark Pateman represented the seller in the transaction, while Flagler Bank originated $6.9 million in acquisition financing.
C&W Negotiates Leases at Miami Tower
The team of Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza worked on behalf of owner L&B Institutional Fund in securing the leases.
Phoenix Industrial Asset Reaches Full Occupancy
JLL signed new tenants InVue and Aquafil, bringing Colony NorthStar’s industrial portfolio to full occupancy. The market’s record-low vacancy and all-time high absorption rates made for an attractive investment opportunity.
TruAmerica Acquires $47M Orlando Community
As one of the strongest multifamily markets in the U.S., Orlando has a very frothy investment market. TruAmerica intends to enhance the 300-unit property located between the area’s chief financial drivers.
MCR Adds Chicago-Area Hilton to Portfolio
The acquisition of the 120-key property closed at $12.8 million. The hotel opened in 2012 and is located in Mount Prospect, Ill.
Meridian Expands SoCal Portfolio
The company has added The Laguna, a 57,057-square-foot medical office building, to its portfolio, with plans to complete a $24 million renovation.
Orlando Office Tower Welcomes New Tenant
Franklin Street’s team of Yvonne Baker and Nicole Willerer represented the owner in the lease negotiations with Pipeline Workspaces. The tenant plans to move into the former Wells Fargo Tower in early 2018.
Philly Creative Office Asset Trades for $29M
The 100,998-square-foot premier building previously served as a car dealership and a warehouse, until its conversion to office in 1982.