Deals
CBRE Global Buys 25 Medical Office Buildings
The 1.4 million-square-foot, 10-state portfolio will be operated by the seller, a joint venture of Kayne Anderson Real Estate Advisors and MBRE Healthcare.
Excel Snags 200 Keys in DC
The Hyatt Place Washington DC/US Capitol opened three years ago in the city’s burgeoning NoMa neighborhood.
Furniture Distribution Company Inks New Chicago Lease
A team of brokers from NAI Hiffman represented G Furniture Inc. in a new agreement for a space at Sun Gate Park. The company will relocate its Chicago distribution center to Lawndale for better transit infrastructure.
OC Corporate Campus Trades for $443M
The acquisition was financed with more than $100 million in cash and $339 million in loans. The complex consists of planned research-and-development and office space spread across four buildings.
HFF Closes MOB Portfolio Sale
IRA Capital LLC sold three Class A properties totaling 137,686 square feet in Dallas–Fort Worth and Austin, Texas. The assets are fully leased to long-term tenants.
JV Buys Into Suburban DC Office Complex
The Pinkard Group and Principal Real Estate Investors joined forces to acquire a 193,000-square-foot Class A office building located within the 94-acre mixed-use Worldgate complex in Herndon, Va.
Co-Working Firm Spaces Coming to Chicago
The Amsterdam-based company has inked a 27,110-square-foot lease in Lincoln Park. This is its first location opened in Chicago and the 14th one in North America.
CBRE Closes Sale of 128 KSF San Diego Industrial Park
A 1031-exchange buyer paid $18 million to acquire Southrail Business Park in Chula Vista, Calif., from Focus Real Estate LP.
Trailer Manufacturer Strengthens PA Footprint
M.H. Eby purchased a 95,000-square-foot production plant in Ephrata for $3.3 million. Eby currently operates two other facilities in Lancaster County, but intends to move all Pennsylvania manufacturing operations in the Ephrata facility.
JV Sells 175 KSF Portland Asset
A real estate fund managed by Credit Suisse Asset Management acquired the former Oregonian Building in Portland, Ore. The previous owners recently renovated and restored the facility as part of a multi-million dollar program.