Deals
PREIT Nears Finish Line with Sale of Four Non-Core Malls
The Philadelphia-based REIT recently sold four of its retail assets for roughly $92.4 million, as part of the company’s portfolio repositioning effort.
Viking Partners Acquires Clawson Shopping Center in Suburban Detroit
The Cincinnati-based company acquired a grocery-anchored retail center in Clawson, Mich.
HFF Arranges Financing for Retail Center Near Phoenix
Progression REI acquired a 116,358-square-foot grocery-anchored shopping center near Phoenix thanks to a $6.3 million fix-rate loan with Wells Fargo Bank arranged by HFF.
670 KSF Class A Corporate Park Commands $146M in D.C. Area
The four Pacific Corporate Park buildings are located next to AOL’s Dulles headquarters and just a few miles north of Dulles International Airport.
Rothenberg-Rosenfield Acquires Oakbrook North Office Complex for Well Over $36M
Rothenberg-Rosenfield acquired the asset in Gwinnett County for $36.6 million, with plans to invest $1.5 million in renovations.
Record-Breaking Office Trade in Charlotte
The 42-story One Wells Fargo Center changed hands for $284 million, a record sale price for an office building in the Tar Heel State.
GE Capital to Sell Hotel Financing Arm
Western Alliance Bank is set to acquire GE Capital’s Franchise Finance U.S. hotel business.
Aztec Group Seals $52M Deal for Riverbend Marketplace in Ft. Lauderdale
Aztec Group finalizes two transactions for a Walmart-anchored shopping center in Miami MSA.
LBG Sells Huntington Beach Retail Property
Following a year of redevelopment and successful leasing, LBG sold the asset at full occupancy.
Northern Virginia Office, Industrial Portfolio Commands $90.5M
First Potomac Realty Trust sold a 26-building Northern Virginia portfolio to Finmarc Management.