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Miami Mixed-Use Complex Gets $53M Loan
Guggenheim Partners provided the permanent mortgage financing for the Coconut Grove asset. Whalou Properties purchased the office and retail development spanning more than 281,000 square feet in 2010.
Cross-Border Investment in US Industrial Real Estate Hit $14B in 2018
Together, Canada, China and Singapore accounted for roughly $10 billion of the investment volume, according to a new report by CBRE.
HHM Buys Atlanta Airport Hotel
The 220–guestroom asset is the buyer’s first DoubleTree property—but not its first Hilton—and its sixth at a major airport.
Related Cos. Buys NYC Office Condo in $2.2B Sale-Leaseback
WarnerMedia sold the space at 30 Hudson Yards to an affiliate of Related Cos. The deal is anticipated to close during the second quarter of 2019.
Bay Area Project Lands $515M in Financing
The U.S. arm of China’s Genzon Investment Group is developing the more than 800,000-square-foot office campus in Burlingame, Calif., which will be occupied by Facebook’s virtual reality firm Oculus. A Cushman & Wakefield team secured the financing package.
Industrial Supply Catches Up With Demand
A new CBRE report found the overall availability rate in U.S. markets was 7.0 percent, a very slight decrease that marked the 35th consecutive quarter of decline.
MSD Partners to Buy 1,000-Key Boca Raton Resort in Florida
A Blackstone affiliate is selling the 2.2 million-square-foot waterfront destination in a transaction scheduled to close in the second quarter.
Transwestern Buys 1.5 MSF Industrial Portfolio in Columbus
A joint venture between Singerman Real Estate and Green Door Capital has sold a collection of three properties to the firm’s new TSP Value and Income Fund II.
Strong Demand for Self Storage Pushes Rents Towards Recovery
Although street-rate rents remained flat for the standard non-climate-controlled units month-over-month, rent performance for climate-controlled units improved by 70 basis points compared to the previous month.
Vornado Sells $1.2B Stake in NYC Retail Venture
In its latest move to generate big proceeds, the REIT sold a 45.4 percent common equity interest in its Upper Fifth Avenue and Times Square collection.