Deals
MCR Buys 2 Salt Lake City Marriott Hotels
The company has purchased the 97-key Marriott Courtyard Lehi and 94-key Marriott SpringHill Suites Lehi for a combined $27.5 million.
Equinix Acquires Istanbul Facility for $93M
The company acquired three buildings from Zenium, one of which currently serves as a colocation facility that generates annual revenues of $2.5 million.
DC Office Building Trades, Seeks Rebranding
In a deal brokered by Newmark Knight Frank, American Real Estate Partners paid $64.2 million for the 192,000-square-foot office asset located in the NoMad submarket of Washington, D.C.
Genera Inks 211 KSF Lease in Fontana, CA
Kidder Mathews and Paladin Partners represented Genera Corp. in the deal. The company has leased Bolger Business Center for 10 years.
Elite Street Capital Buys 162 KSF Houston Office Asset
Buchanan Street Partners and CarVal Investors sold a 162,000-square-foot office building in Houston. HFF arranged the deal on behalf of the seller and secured the buyer.
JV Unveils Downtown Hartford Mixed-Use Project
RBH Group, Goldman Sachs Urban Investment Group, and several other partners will develop Teachers Corner Hartford, which will bring 60 affordable and market rate units, with an additional 6,000 square feet of retail space.
Campanelli, Clarion Break Ground on MA Industrial Project
The upcoming 427,500-square-foot development, comprising two buildings, will soon rise in the Boston submarket of Bellingham. Construction is expected to be complete by August 2018.
Lennar HQ in Miami Trades for $40M
The Fortune 500 company developed the office complex between 1982 and 1993. The property has served as the firm’s headquarters ever since.
Griffin-American REIT Acquires MOB Portfolio
The Fairfield County Medical Office Building Portfolio comprises two medical office buildings located in Stratford and Trumbull, Conn. Encompassing 80,000 square feet, the portfolio is 94.6 percent leased to 15 tenants.
H.I.G. Acquires 315 KSF Office in Brazil
The Urbanity Corporate Center is a Class A office building, part of a newly developed mixed-use complex in São Paulo.