Deals
San Diego Office Tower Snapped up by Gemini Investments-controlled Company
By Alex Girda, Associate Editor San Diego–A trophy office tower in San Diego was recently acquired by Gemini Rosemont, adding a substantial amount of space to the company’s office portfolio. The Gemini Investments-controlled entity purchased 610 West Ash for an undisclosed amount through a partnership with Central Properties. An HFF team consisting of Senior Managing Directors Nick Psyllos, Ryan Gallagher, and Michael Leggett, as well as Director Nick Frasco negotiated the transaction. Located at 610 West Ash St., the office tower offers 177,489 square feet of space. The 19-story commercial building is located in the city’s CBD and is a…
Dalfen Increases Ohio Presence with Acquisition of 23-Building Industrial Portfolio
Dalfen America Corp. added more than 2 million square feet of space to its industrial portfolio.
Apple-Apple Merger to Stay Focused on Select-Service Hotels
The $1.3 billion merger will create a combined portfolio comprising 234 Hilton and Marriott hotels.
The Los Angeles Times Printing Press Transforms into Creative Campus
At a time when creative office demand is high, Kearny is transforming an O.C. property into a sprawling innovative office campus.
Marcus & Millichap Sells $48M Self-Storage Portfolio in Tampa Bay
Marcus & Millichap sold three self-storage facilities located within the Tampa-Saint Petersburg-Clearwater MSA for nearly $48 million.
Downtown Orlando Medical Office Building Sells for $10.6M
Marcus & Millichap, representing a private investor, sold the asset for $10.6 million to Bauman & Co.
Four Multi-Tenant Industrial Acquisitions Notched by BKM in Metro Phoenix
The assets greatly expand the company’s Phoenix-area portfolio, with improvements set for all of the new properties.
Cornerstone Comes Through for Blackstone in a Big Way
Cornerstone Real Estate Advisers originated a $335 million loan to fund Blackstone’s acquisition of four Club Quarters hotels across the U.S.
Legg Mason Completes Acquisition of Clarion Partners
The Baltimore-based company paid a reported $577 million to acquire a majority stake in the New York-based real estate investment firm.
Chicago Sets Strict Timeline for New Owner of Old Post Office
Developer 601W Cos. has until June 1 to complete the acquisition of the iconic Windy City building.