Featured
Ørsted Acquires Deepwater Wind in a $510M Deal
The transaction, which is subject to review by U.S. competition authorities, is expected to close by the end of 2018. Once finalized, the name of the organization will be Ørsted U.S. Offshore Wind.
JV Acquires SoCal Twin Towers for $107M
Equity Office Properties sold the office buildings in Torrance, Calif., to The Ruth Group and Roxborough Group, in a deal handled by Newmark Knight Frank.
Korean Fund Manager Provides $126M Loan for Toronto Hotel
Princes Gates Hotel LP, owner of Hotel X Toronto, will use the funds to refinance the newly opened, 404-key lodging destination.
2-State Self-Storage Portfolio Changes Hands
Cushman & Wakefield and JLL teamed up to represent the seller of the institutional-caliber properties, which serve upscale areas of Los Angeles and Houston.
Morgan Stanley to Buy Helsinki Mall for $592M
Advised by Cushman & Wakefield, Wereldhave will sell Itis, a 1.1 million-square-foot property counted as one of the largest shopping centers in the Nordics.
Monmouth Buys NJ Industrial Asset for $85M
The company has acquired a 347,145-square-foot building in Trenton, upping its portfolio to 112 properties and approximately 21.5 million rentable square feet.
Disney World to Add Nature-Themed Resort
Joining three other new or extensively renovated destinations in the area, the project will bring more than 900 guestrooms and Disney Vacation Club villas to Lake Buena Vista, Fla.
Hines, Oaktree Buy 515 KSF San Francisco Bay Office Campus
The partners acquired Ygnacio Center, a three-building property in the East Bay’s coveted Walnut Creek market, from LaSalle Investment Management.
Brick-and-Mortar Gets a Break
A landmark Supreme Court ruling is good news, particularly for smaller and emerging retail property operators, says Transwestern’s Crystal Allen.
SunTrust Arranges $50M for Purchase of Dual-Branded Marriott Hotel
Key International is the new owner of a 255-key property in Clearwater Beach, Fla., which incorporates both a Residence Inn and a SpringHill Suites.