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Brookfield Sells Stake in NYC Portfolio for $1.4B
The company announced the sale of a 28 percent stake in its New York City core holdings, as well as plans to sell another 7 percent by early next year.
Slate Office REIT Snags Chicago Office Building for $156M
The Toronto-based company acquired the 23-story 120 S. LaSalle and also entered into an agreement to sell a group of Water Street properties in St. John’s, Newfoundland for $17.5 million.
DC’s Landmark Washington Harbor Property Sells for $415M
Acting on behalf of a consortium represented by Principal Real Estate Investors, HFF secured Global Holdings Management Group as a buyer for the 560,000-square-foot office and retail asset.
Dollar Stores See Rising Cap Rates
The latest report from The Boulder Group attributes rising cap rates in part to a drop in the average remaining lease term at some stores. Meanwhile, institutional investors continue to lose interest in the sector, which nonetheless remains healthy.
AccorHotels to Buy Majority Stake in 21c Museum Hotels
The Paris-based hospitality investor and operator, which has made several deals to expand its brands in the U.S. and abroad in recent months, will bring its MGallery brand to North America.
Magna Hospitality Group Sells 216-Key NY Hotel
HFF worked on behalf of the company to arrange the transaction, and secured a three-year, floating-rate acquisition loan for the buyer.
From Restaurants to Real Estate: The Unlikely Story of Sal Lupoli’s Riverwalk
Putting his New England-based pizza franchise at stake, the entrepreneur invested $250 million to transform an old mill complex into a mixed-use development.
JV Celebrates Milestone for 4.2 MSF DC-Area TOD
The Meridian Group and Kettler have topped out on the structures comprising the 1.7 million-square-foot first phase of the transit-oriented development in Tysons, Va.
Duke Realty to Build 618 KSF Cincinnati-Area Facility
Design Within Reach will be the lone tenant in the upcoming property. The industrial development is scheduled for completion in early 2019.
KAMCO, 90 North Buy $75M Ohio Office Complex
In one of the city’s biggest deals this year, the firms completed the acquisition of two office buildings fully leased by the Cincinnati Children’s Hospital for use as its Operations Center through 2032.