Deals
JLL Arranges NW Houston Industrial Lease Renewal
LSI Industries Inc. extended its lease at Prologis Park–West by Northwest, in a transaction represented by JLL’s Executive Vice President Jeff Venghaus.
Terreno Expands Seattle Portfolio
The company purchased a 13,000-square-foot industrial building, near Seattle’s Port and SoDo district, for a total acquisition cost of $4 million.
Lingerfelt CommonWealth Debuts in Houston with $50M Buy
The Richmond, Virginia-based firm acquired a 14-story office tower located in the Galleria/Uptown submarket. The asset was 81 percent occupied at the time of the deal.
MCA Realty Completes Sale of 88 KSF Retail Project
The company has sold the final building in the Brookhollow Freeway Showroom Center in Santa Ana, Calif., a 13,072 square-foot retail showroom currently occupied by Wine Exchange.
ManpowerGroup’s World HQ Commands $67M
The property marks the first LEED certified building in Milwaukee, as well as Bentall Kennedy’s initial single tenant office investment, in partnership with Warba Bank, in the U.S.
Terreno Nabs $15M Santa Fe Springs Industrial Property
The company has remained active in the Greater Los Angeles area, following the acquisition of a Gardena industrial asset and the sale of a development project in Whittier.
Miami Beach Asset Commands $283M
CBRE Global Investors teamed up with Universal-Investment to acquire 1111 Lincoln, a fully leased office and retail property designed by Herzog & de Meuron Architects.
New Hotel Coming to Downtown Baltimore
The historic property—which recently traded for $3 million—landed a $10 million acquisition and renovation loan. In the making since before the Recession, the project at 101 N. Charles St. is slated for completion in 2018.
Dermody Snags Silicon Valley Class A Industrial Asset
JLL is spearheading leasing efforts for the fully vacant 111,043-square-foot building developed by Panattoni in 2016. This is one of the few Class A industrial developments in the area.
Tropicana Entertainment Buys Chelsea Hotel in Atlantic City
The boutique lodging property will be incorporated into the company’s 2,400-key casino resort across the street.