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Alexander & Baldwin Pays $90M for Hawaii Retail Asset
The company acquired a 135,000-square-foot retail center in the Waikoloa Beach Resort. The property is anchored by grocery store Island Gourmet Market.
Unico Acquires Historic Seattle Waterfront Building
The purchase of the landmark 160,000-square-foot Colman Building brings the buyer’s portfolio of owned and managed properties in the area to 1 million square feet.
Carr Properties Breaks Ground on $135M DC Project
Signal House, a Gensler-designed trophy building, will target creative office tenants in the historic Union Market neighborhood, which is in the midst of a revitalization.
Finmarc Management Buys 250 KSF Retail Asset in Virginia
The Maryland-based company acquired Manaport Plaza Shopping Center for nearly $30 million. The retail center in Manassas is adjacent to another Finmarc-owned shopping center and a regional mall.
JV Lands $25M Loan for Charlotte Office Campus
HFF facilitated the six-year financing for a partnership between Childress Klein and Gottesman Real Estate Partners to acquire, renovate and re-lease Rexford Park I and II.
Retail Investors Pull Back Amid Mall Woes
A new JLL report finds that buyers are getting more selective as structural changes rock the sector. Overall transaction volumes fell in the first quarter, while power center and grocery-anchored assets outperformed.
Goldman Sachs to Buy European Budget Hotel Chain
PAI Partners, a leading European private equity firm, confirmed it is in exclusive negotiations to sell B&B Hotels, which has 486 hotels in 12 countries.
Japanese Food Supplier Consolidates Operations Near LA
Mutual Trading Co. has signed a long-term lease at Goodman Logistics Center El Monte, which is under development. The company is expected to occupy the space by year’s end.
Montecito Medical Buys 221 KSF Nashville-Area MOB
The purchase of the fully leased, three-story trophy property in Murfreesboro, Tenn., marks the company’s second acquisition in the metro this year.
Metro Storage Lands $78M Refi for 8-Property Portfolio
The bridge loan is for Class A facilities situated in suburban areas of Illinois, New Jersey and Pennsylvania. Talonvest Capital negotiated the financing.