Deals
CBRE Pays $97M for Stamford Towers
SL Green and TH Real Estate sold the two buildings after completing a series of significant upgrades that involved building a new fitness center, basketball court and conference facility.
Wyndham to Separate Hotel, Timeshare Businesses
Geoff Ballotti, the current CEO, will lead the hotel company, and Michael Brown, current CEO of the group’s Vacation Ownership division, will lead the timeshare operation.
Miami Metro MOB Lands $31M Loan
Berkadia arranged for a three-year, floating rate bridge loan provided by Silverpeak Argentic, for the 186,000-square-foot Jupiter Medical & Technology Park.
Duong Retail Closes Inland Empire Record Sale
The company closed escrow on a retail center in Riverside, Calif., and a Black Bear Diner in Chino, Calif., for a total of $9.9 million, at a record cap rate.
Inland Real Estate Closes Houston MOB Acquisitions
The company purchased two US Pain & Spine medical office buildings: the Houston Hospital for Specialized Surgery and the USPS Surgical Institute.
Stos Partners Buys Rare San Diego Industrial Asset
The two-building complex is situated in Chula Vista, Calif., a submarket which is benefitting from exceptionally tight vacancy in neighboring National City.
Irgens Ready to Build 350 KSF Milwaukee Office Tower
The developer acquired the BMO Harris Bank building and plans to develop a new 25-story BMO Harris Financial Center—where the bank will serve as anchor tenant—on an adjoining parking lot.
Hines Signs Silicon Ranch in Nashville
The fast-growing solar company will move into a new 25-story office tower that Hines and partner CB Ragland plan to deliver in late 2017.
Skanska Inks First Lease at DC Office Development
PYXERA will occupy 17,000 square feet on the fourth floor of the Class A property currently under construction. The company is planning to move in by June 2018.
DoubleTree by Hilton Chicago-Oak Brook Changes Hands
CBRE Hotels negotiated the transaction of the 428-key hotel. The property is located in a thriving business area, close to several corporate headquarters.