Deals
Tribune Media Completes $430M Portfolio Sale
The company closed the sale of its Chicago Tribune Tower, Los Angeles Times Square and Olympic Plant properties this week.
Highwoods Properties Acquires Raleigh Office Tower
The investment in the acquisition and renovation of the 11-story Charter Square development amounts to $83.5 million.
River City Power Center Sells for $81M
Sterling Org. acquired the property in a sale brokered by CBRE’s retail investment group.
Two Moody National REITs Plan to Merge
Moody National REIT II is set to acquire Moody National REIT I for roughly $11 per share.
Douglas Emmett, QIA Grab LA Ocean-View Office Gem
The joint venture paid $140 million to acquire 233 Wilshire from The Blackstone Group.
MPT Infuses $1.2B into Hospital Portfolio
The Birmingham, Ala., medical property trust is now present in 30 states across the nation.
NGKF Secures Financing for Greenwich Office Building
The $36 million loan was used to cover the acquisition of the property and execute the sponsor’s business plan.
CBRE Arranges Sale of Auburn Shopping Center
The 246,000-square-foot power center was 91 percent leased at the time of sale.
Eastern Union Funding Lends a Hand in Florida
Eastern Union has arranged a $3 million acquisition loan on behalf of Famous Capital LLC.
Motel 6 Changes Hands in Tampa
The property recently underwent a complete renovation, changing its flag from Days Inn to Motel 6.