Deals
JLL Brokers Sale of 213 KSF Orlando Warehouse
Exeter Property Group purchased the 213,290-square-foot asset from Cambridge Hanover for $8.9 million. The building is located in Orlando Central Park, one of Florida’s largest industrial parks.
Rexford Industrial Takes 3, Sells 1
The $71.5 million buy in the Los-Angeles area and Inland Empire brings the company’s 2017 industrial acquisition volume to more than $282 million.
Noble Buys Dual-Branded Arundel Mills Hotel
Completed in 2009 and renovated in 2015, the 289-key property is located next to Maryland’s largest upscale retail center.
Free Market Ventures JV Acquires Chicago Office Asset
The partnership purchased 6400 Shafer Court, which offers 179,442 square feet of space and is currently 88 percent leased to 15 tenants.
Netflix Expands in Hollywood
Hudson Pacific Properties facilitated the deal. To date, the two companies have teamed on more than 560,000 square feet of office space.
JV to Redevelop Historic Sunshine Theatre in NYC
A partnership between East End Capital and K Property Group purchased the 29,200-square-foot building for $31.5 million. The historic Houston Street cinema will close in January 2018, and will be transformed into a mixed-use development.
Nashville Office Portfolio Changes Hands for $25M
The two assets amass 135,003 square feet and are predominantly leased to WEX Inc. and Parallon Business Solutions. Stan Johnson Co. arranged the transaction.
Rubicon Sells LAX 596-Key Hotel Portfolio
The company disposed of the 640-key Hacienda Hotel it purchased in 2013 and then converted it into two different branded hotels: the Aloft by Starwood and Fairfield by Marriott.
NKF Secures One of the Largest Industrial Sales in Pittsburgh
The sale of the Class A industrial property marks the fourth industrial building completed in the Clinton Commerce Park and the first sale to a third party.
TCC, Meadow Partners to Redevelop Building Near the White House
The companies have joined hands to purchase an 80 percent condominium interest in the Motion Picture Association of America Building. The MPAA has retained a 20 percent interest in the building and will occupy two of the eight floors once the asset is completed in 2019.