Deals
Las Vegas Office Purchase Boosts Hines’ Portfolio
Improved occupancy is one of the first aims for the newly acquired property.
GE Capital, Western Alliance Finalize Hotel Finance Loan Portfolio Sale
Western Alliance Bank has completed the acquisition of GE Capital’s Franchise Finance U.S. hotel business.
W. P. Carey Closes Major Sale-Leaseback Deal
The net lease REIT has expanded its industrial portfolio with the closing of a $217 million sale-leaseback deal with Fronterra Building Products.
HFF Lines Up Financing for Suburban Philly Shopping Center
In a deal facilitated by HFF, The Hampshire Cos. and MCB Real Estate received a $21.7 million acquisition loan for Drexeline Shopping Center in Drexel Hill, Pa.
Capella Washington, D.C., Hotel Sells for $65M, Gets New Brand, Management
Now rebranded as the Rosewood Washington, D.C., the 49-key ultra-luxury Georgetown hotel will be managed by Rosewood Hotels & Resorts.
DoubleTree near Dupont Circle Commands $65M
REIT Xenia Hotels & Resorts said the sale price represents a 5.5 percent cap rate on 2015 NOI and a 15.7 multiple of the asset’s EBITDA.
HFF Arranges Sale, Financing for 5-Property Self-Storage Portfolio
In a $35 million deal closed by HFF, Self Storage Capital Partners acquired five assets totaling more than 310,200 rentable square feet in Harrisburg, Pa.
Juniper Terrace Latest Asset to Be Acquired by Bascom
This is the investor’s 9th purchase in SoCal in the past 12 months.
Hines Enlists Tech Company for San Mateo Property
Yet another tech company has signed up for office space in the Bay Area.
Chevron Hawaii Sells Stations, Refinery and Pipeline to New York Investor
Chevron Hawaii’s c-stores will become Texaco gas stations, following the company’s disposition of its refining, distribution and retail assets in the Aloha State later this year.