Deals
HFF Closes LAX Doubletree Sale and Financing
Umbrella Hotel Group purchased the 216-key hotel in El Segundo, Calif. HFF marketed the property on behalf of the seller and secured a mezzanine loan for the buyer.
Citrine Advisors Acquires Historic Portland Office Building
New Urban Properties sold a 27,500-square-foot property in Portland’s CBD. JLL negotiated the transaction on behalf of the seller, while CBRE represented the buyer and secured the acquisition financing.
Marcus & Millichap Division Sells 182 KSF Retail Center
Institutional Property Advisors brokered the sale of North Heights Plaza, a shopping center in Huber Heights, Ohio. The asset is anchored by Dick’s Sporting Goods and Big Lots.
Group RMC Lands $221M Loan for KC Office Buy
JLL’s Capital Markets team secured the acquisition financing for Corporate Woods, the largest corporate campus between Chicago and Denver.
Electric Factory Building in Philly Trades for $20M
Callowhill Center, the two-building office complex that houses the iconic Electric Factory music venue, changed hands after being under the same ownership since 1986.
From Church to MOB in Queens
Regent Medical Properties LLC plans to replace the 20,803-square-foot building in Flushing, N.Y., purchased for $19 million, with a 12-story, mixed-use medical office building.
Cush & Wake to Acquire Partner Firms
The company entered into an agreement with Northmarq to acquire its partner firms in Minneapolis, Seattle, Salt Lake City and Las Vegas. In total, the firms will have 750 employees and manage 50 million square feet of space.
Daum Brokers Inland Empire 113 KSF Industrial Buys
The properties in Corona and Ontario, Calif., changed hands for a total consideration of $13.1 million. Vacancies in small-size warehouse properties are below the region’s average.
Walker & Dunlop Secures $59M for Atlanta Asset
Praelium Commercial Real Estate and South Street Partners needed the financing in order to acquire Newmarket Business Park, a 471,486-square-foot office property in Marietta, Ga.
W&D Seals $96M FL Industrial Deal
The loan package covers 13 properties in Miami and Fort Lauderdale. Strong fundamentals make South Florida attractive to lenders.