Deals
AHIP REIT Acquires 2 Embassy Suites by Hilton
With the addition of these two properties, AHIP’s portfolio now includes 93 hotels totaling 8,685 guestrooms.
Hines REIT Lands First Retail Property
The global REIT has acquired a paired shopping center in Midtown Cincinnati.
Columbia Property Trust Exits Houston
Spear Street Capital is the new owner of three office buildings totaling 1.2 million square feet.
Cushman & Wakefield Arranges Sale of 504KSF Industrial Asset
The new ownership has commenced a multi-million-dollar renovation of 340 Stiles St., in Linden, N.J., scheduled for completion in spring 2017.
PMG Trades Charlotte’s Midtown Crossing for $30M
After a year of ownership, Property Markets Group sold the 122,830-square-foot retail center to Bluejay Capital Management.
Iconic Atlanta Office Tower Receives $156M Financing
HFF secured the loan on behalf of Preferred Apartment Communities Inc. for Three Ravinia Drive.
Mori Trust Enters US with Big Boston Buy
The Japanese company has agreed to pay $673 million to acquire two Back Bay office buildings in a partial sale-leaseback transaction with Liberty Mutual.
BioMed Sells DC-Area R&D Facility for $338M
HFF represented the seller and closed on an acquisition loan on behalf of the new owner.
Charlotte’s Mallard Creed Center Changes Hands
CBRE brokered the sale of 259,786-square-foot Mallard Creek Center to Stream Realty Partners.
Reading Closes $57M Financing for 44 Union Square
The project is set to be completed by the first quarter of 2018.