Deals
Omega Healthcare to Invest $190M in SNF Portfolio
The company has reinforced its status as the nation’s largest owner of post-acute care facilities with the acquisition of 15 Indiana properties, which were leased to an existing operator.
Brennan Buys Multi-State Industrial Portfolio
The purchase of three properties in Chicago, Indianapolis and Bakersfield, Calif., caps a busy year for the group, which now owns more than 28 million square feet of space in 23 states.
Hanley Brokers Well-Anchored Retail Center Deal
The 42,134-square-foot shopping center is located in Santa Clarita, Calif., and boasts a 96 percent occupancy. The anchor tenant is a CVS store with a stand-alone drive-thru pharmacy.
Condor Hospitality Buys Marriott Hotel Portfolio for $39M
The company purchased the Fairfield Inn & Suites El Paso Airport and the Residence Inn Austin Airport. The acquisition of a third Marriott hotel is expected to close in the first quarter of 2018.
Thorofare Capital Funds SC Office Building Acquisition
A joint venture between Insite Property and Eastern Federal Corp. will use the $16.3 million loan for the acquisition, renovation and stabilization of Albemarle Point Center in Charleston, S.C.
Phoenix-Area Self-Storage Assets Find Out-of-State Owner
Marcus & Millichap’s The Mele Group arranged the sale of a 608-unit self-storage portfolio, offering 86,963 square feet of rentable space. The two facilities offer value-add opportunities.
Kor Group, Goldman Sachs Team Up for LA Hotel Buy
The 250-key Custom Hotel is the only lifestyle boutique near Playa Vista and Los Angeles International Airport. The companies have two other hotels in the pipeline, scheduled to open in 2019.
Mitsui Fudosan Buys Stake in $3.6B Hudson Yards Project
The Japanese developer will take a 90 percent stake in 50 Hudson Yards on Manhattan’s Far West Side. The deal follows its 2014 acquisition of the nearby 55 Hudson Yards tower.
Dominguez Sells LA Office-Medical Asset for $49M
Newmark Knight Frank represented the company in the disposition of Madrona Business Campus, a 211,400-square-foot property in Torrance, Calif.
Hanley Arranges $22M Inland Empire Retail Sale
The 62,952-square-foot newly remodeled regional shopping center in Riverside, Calif., was 98 percent occupied at the time of the sale. Only eight shopping centers in the Inland Empire changed hands for more than $20 million in the past 12 months.