Deals
Condor Hospitality Picks Up 3 More Hotels
The REIT takes another step forward in its portfolio repositioning effort with the addition of a 366-key group of Texas properties. The assets traded for almost $60 million.
Vornado Completes DC Spin-Off, JBG Smith Begins Trading
The resulting company has an operating portfolio of about 20 million square feet. The firm also has a pipeline of roughly 18.3 million square feet of potential development density.
Discount Self Storage Lands New Owner
The 578-unit facility in Shreveport, La., was acquired by a Salt Lake City-based buyer. The property offers climate-controlled and traditional storage space.
Mission Capital Arranges Acquisition Financing for Houston Hotel
The New York City-based company arranged a $15.3 million acquisition loan for the 120-key Staybridge Suites Houston—Medical Center in Houston.
Industrial Property Trust Nabs 104 KSF Asset
The company purchased the property in the Rancho Dominguez submarket of Los Angeles County for $12 million and has a $2.5 million renovation underway.
JLL Arranges $39M Sale of Phoenix Industrial Portfolio
Colony Northstar is the new owner of two institutional grade warehouses totaling more than 558,000 square feet. Both buildings offer flexible space that can accommodate single and multi-tenant layouts.
MRM Capital Buys Seattle Office Campus
The property was completed in 1990 and incorporates nearly 195,000 square feet of Class A office space anchored by Allstate Insurance.
Hanley Negotiates $29M Inland Empire Retail Sale
Phillips Edison & Co. snagged the 110,004-square-foot Corona, Calif., property in the face of a competitive market for limited available properties.
Tavistock Inks Major Build-To-Suit Lease in Orlando
The company will create a new 240,000-square-foot campus for Orange Lake Resorts in the 200-acre, mixed-use Infinity Park, marking one of Orange County’s largest office transactions year-to-date.
Axel Springer Sells Berlin Assets for $865M
A Norwegian sovereign wealth fund is the new owner of the German publisher’s future headquarters, while a Blackstone joint venture acquired the company’s current home.