Deals
Graceada Partners Picks Up Sacramento Office Building
The 78,400-square-foot property is the new headquarters of the California Department of Business Oversight.
PGIM Real Estate Adds $700M Industrial Portfolio
Acquired through a recapitalization with the existing ownership, the national portfolio includes 30 buildings totaling 5.4 million square feet across five key markets.
Amazon Buys Northern Virginia Hotel for HQ2 Phase Two
An Amazon subsidiary purchased a Pentagon City, Va., hotel from Blackstone Group for $148.5 million, clearing the way for the e-commerce giant’s second U.S. headquarters.
VanTrust Sells Las Vegas Warehouse for $89M
Massachusetts Mutual Life Insurance Co. provided acquisition financing for the 715,000-square-foot property.
Wasatch Storage Partners Sells Nashville-Area Portfolio
National Western Life Insurance Co. provided a $12 million loan for the acquisition of 1,200 units in Murfreesboro, Tenn.
Blackstone Acquires Suburban Seattle Warehouse
The building previously traded for $3.5 million in 2005 as part of a 1031 exchange.
Bronx Storage Asset Trades for $26M
Benefit Street Partners Realty Trust provided the buyer with a $29.9 million loan which also encumbers a recently acquired Long Island facility.
UMH Properties Grows Manufactured Housing Footprint
Located in upstate New York, Lake Erie Estates changed hands for $4.5 million. The community was 71 percent occupied at the time of sale.
Rexford Welcomes New Tenant at Orange County Facility
The owner recently upgraded the industrial building with new offices, restrooms and an improved fire sprinkler system.
Madison International Realty Expands in Manhattan
The firm has signed a lease with Tishman Speyer for its new headquarters location.