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Major Dallas Mixed-Use Secures $108M Financing
Scheduled for completion in November 2021, Weir’s Plaza is 65 percent preleased to major companies such as anchor tenant Kirkland & Ellis and coworking giant WeWork.
Bain Capital Sells Life Science Campus for $255M
The company teamed up with Phase 3 Partners to sell the 314,000-square-foot, Class A property in San Diego to a REIT.
Boston Mixed-Use Lands $315M Construction Loan
Madison Realty Capital will provide the financing, while Cain International will contribute most of the equity for the $400 million Raffles Hotels & Resorts tower in the Back Bay neighborhood.
MPT to Invest $1.6B in Multi-State Hospital Portfolio
To retire an existing term-loan debt, Prospect Medical Holdings entered into a sale-leaseback agreement with the trust. The deal involves assets in California, Connecticut and Pennsylvania.
With $4B Buy of IPT, Prologis Bulks Up in Key Markets
The all-cash transaction, which includes 37.5 million square feet of assets in 24 markets, will likely close in the fourth quarter.
Onni Group Acquires Orange County Complex for $97M
Decron Properties, which has been paring down its office and retail holdings in recent years, sold Ocean Plaza following 13 years of ownership.
Tishman Speyer Launches Life Sciences Platform
In a partnership with Bellco Capital, the company formed Breakthrough Properties, which will acquire, develop and operate life science properties around the world.
Life House Secures $100M in Equity Capital
The funding from Blue Flag Partners is expected to enable the lifestyle hotel brand and management company to substantially expand its portfolio.
Berkadia Arranges $50M Refi for New Orleans Tower
Working on behalf of Stirling Properties, owner of the 674,000-square-foot Pan American Life Center, the firm orchestrated a 10-year fixed-rate loan through Wells Fargo.
Glassdoor Doubles Up on Chicago Office Space
The popular jobs and recruiting site signed a long-term lease for 52,000 square feet at Trammell Crow Co.’s development in the city’s West Loop submarket.