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Heitman Acquires 17-Asset MOB Portfolio
NexCore Group represented the company and will manage and lease the properties. JLL Capital Markets, which handled the deal for the seller, called the transaction one of the largest in the sector.
Harbor Buys 2 Office Campuses in SoCal Suburbs
In separate cash transactions totaling $56 million, the value-add real estate investment company acquired Valencia Gateway and Conejo Corporate Campus, two properties totaling 356,100 square feet.
Branch Properties Snags 2 KY Shopping Centers
In a deal brokered by Mid-America Real Estate Corp., Weingarten Realty sold Tates Creek Centre and Millpond Center, two Kroger-anchored retail assets in Lexington.
Northwood Buys NYC Office Tower for $305M
The seller, Chinese conglomerate HNA Group, reportedly faces a looming liquidity crisis and is looking to dispose of $16 billion in assets worldwide.
Luxury Sarasota Resort Commands $171M
Ashford Hospitality Prime has agreed to purchase the 266-key Ritz-Carlton hotel, reflecting the REIT’s strategy of acquiring institutional-quality assets in high-growth markets across the U.S.
HFF Arranges $160M Sale, Loan for Philly Office Tower
Acting on behalf of Equity Commonwealth, the firm arranged the disposition of the 826,000-square-foot building at 1600 Market St., and secured acquisition financing for the buyer, an affiliate of American Real Estate Partners.
Tutor Perini Unveils $1.4B Newark Airport Project
In a joint venture with Parsons Transportation Group, the company will build a 1 million-square-foot terminal, marking the largest transportation infrastructure design-build contract in New Jersey history.
Retail Shows Surprising Resilience: IRR Report
Despite retailer bankruptcies and the onslaught of e-commerce, the retail real estate sector in most markets is in reasonably good shape, the analysis concludes.
Sports Venues Spark Revitalization
In a new report highlighting the impact of Nationals Park in Washington, D.C., RCLCO points to a trend in stadium-inspired community transformations.
Atlanta Industrial Boom Continues to Accelerate
As demand outpaced new deliveries in 2017, Atlanta’s industrial market set a new annual record for absorption, according to CBRE’s latest industrial and logistics quarterly report.