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Douglas Emmett Snags $144M Beverly Hills Office
Home to several health-care businesses, the 146,300-square-foot building is located at 9401 Wilshire Blvd., at the corner of Wilshire and Canon in the Beverly Hills Golden Triangle.
Pure Industrial Picks Up Properties in U.S., Canada
Including the Montreal transaction closing expected in January and the closing of one of the Fort Worth assets set for August 2018, PIRET will have completed or announced year-to-date acquisitions of approximately $850 million.
Liquidation of New York REIT Accelerates
In a $520 million deal, the company sold 1440 Broadway, a LEED Gold-certified office building in Manhattan, to CIM Group. The transaction is accompanied by plans to sell three more buildings, soon after the announcement of yet another disposition, as the company winds down.
Greater-LA Office Building Commands $117M
Olive Hill Group is the new owner of 520 Broadway, a rare Class A asset situated in an extremely supply-constrained area of downtown Santa Monica, where demand and rents will continue to rise over the next several years.
AEI Guides LBG on San Fran-Area Mall Revamp
The consulting firm provided LBG Real Estate with assessments of The Hilltop Mall in Richmond, Calif., before the company’s purchase of the 1.1 million-square-foot property, and is staying on to help guide the shopping center’s redevelopment.
CRG, Gramercy Deliver SC Pharmaceutical Warehouse
The partnership began building the project for Bausch+Lomb in March. A second phase could double the size of the new 432,000-square-foot facility.
Atlanta’s Top 10 Office Deals in 2017
Atlanta has emerged as one of the most important economic clusters in the Southeast, appealing to investors through its strong market fundamentals. As 2017 is coming to an end, Yardi Matrix compiled a list of the 10 biggest office deals of the year.
U.S. Economy to Continue Growing in 2018
Key indicators suggest the nation’s economic expansion will carry on into the next year despite natural disasters and political turmoil, according to the latest edition of “The Briefing” from Transwestern.
Little Caesars Gathers Local Contracts for $150M Detroit HQ
The largest carryout-only pizza chain has awarded 99 percent of the contracts for the project to Michigan-based businesses, 69 percent of which have gone to Detroit-headquartered companies.
Choice Hotels to Buy WoodSpring Suites for $231M
The company will become the brand’s franchisor, strengthening its leadership in the extended-stay segment with the acquisition of 240 hotels in 35 states.