Deals
Investcorp Adds $160M to Chicago, Boston Portfolios
The company has acquired six industrial properties totaling approximately 1.8 million square feet of warehouse and distribution space.
RLJ, FelCor to Merge in $1.2B All-Stock Deal
The move, which would create the third-largest pure-play lodging REIT, with a total enterprise value of $7 billion, was deemed a “head scratcher” by at least two analysts.
Heritage Hotels Adds the Inn and Spa at Loretto to its Portfolio
The hotel brand, specializing in culturally distinct hotels in New Mexico, acquired the 42-year-old resort in partnership with an investor group led by Randy Talbot.
McCormick Enlists 2 Corporate Buildings with CBRE
The assets total more than 273,000 square feet of office space and 60 acres of land along the Interstate 83 North corridor in Baltimore County.
Terreno Adds 126 KSF Industrial Asset to Its NJ Portfolio
Terreno Realty Corp. recently acquired an industrial building that currently serves as corporate headquarters for DermaRite Industries LLC. The asset traded at a 5.3 percent cap rate.
Industrial Development Underway in Supply-Constrained Area
Daum Commercial arranged the sale of a 3.8-acre land parcel within the McInnes Ranch Business Park where E&E Trust plans to develop a warehouse distribution building.
HFF Lends a Hand in Orlando Hotel Deal
HFF secured a five-year acquisition and renovation loan on behalf of the new owner and represented the seller in the transaction of Holiday Inn Orlando SW – Celebration Area.
Terreno Realty Acquires 1MSF South Bay Industrial Property
The 1989 property in Lynwood consists of three buildings just off Interstate 105 and is fully ground leased.
Invesco Buys Stake in Austin Office Tower
Third + Shoal, a 345,000-square-foot skyscraper currently rising at the site of the former Austin Music Hall, is scheduled for completion in the third quarter of 2018.
CBRE Completes Sale of Solana Beach Retail Center
The 54,973-square-foot coastal retail center changed hands for 33.3 million. Tenants include California Pizza Kitchen, Alfonso’s of La Jolla and Banfield Pet Hospital.