Deals
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.
Phillips Edison Adds Second Shopping Center to Michigan Portfolio
Livonia Plaza is anchored by Kroger, Detroit area’s number one grocer by market share.
Strategic Storage Trust II Expands in Las Vegas
The newly acquired facility consists of 810 units across approximately 101,400 rentable square feet.