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Wyndham to Buy AmericInn Brand for $170M
The transaction includes 200 franchised hotels, as well as management company Three Rivers Hospitality. The portfolio totals 11,600 rooms and a pipeline of 23 projects.
SoCal Industrial Park Commands $211M
The six-building campus in Rancho Dominguez is 99 percent leased to 23 tenants. Situated adjacent to the Alameda Intermodal Corridor, the property offers access to five major freeways.
Gramercy Closes $1.1B Sale of Euro-Portfolio
The transaction includes 35 assets totaling 11.6 million square feet, fully occupied. The properties are primarily in Germany and the Netherlands, with smaller footprints in France, Poland and the U.K.
Condor Hospitality Picks Up 3 More Hotels
The REIT takes another step forward in its portfolio repositioning effort with the addition of a 366-key group of Texas properties. The assets traded for almost $60 million.
Vornado Completes DC Spin-Off, JBG Smith Begins Trading
The resulting company has an operating portfolio of about 20 million square feet. The firm also has a pipeline of roughly 18.3 million square feet of potential development density.
Brennan Investment Unveils 1 MSF Chicagoland Tech Campus
The 85-acre Elk Grove Technology Park project near O’Hare International will deliver four speculative industrial and data center facilities. CBRE is in charge of leasing.
Tavistock Inks Major Build-To-Suit Lease in Orlando
The company will create a new 240,000-square-foot campus for Orange Lake Resorts in the 200-acre, mixed-use Infinity Park, marking one of Orange County’s largest office transactions year-to-date.
Axel Springer Sells Berlin Assets for $865M
A Norwegian sovereign wealth fund is the new owner of the German publisher’s future headquarters, while a Blackstone joint venture acquired the company’s current home.
Xebec Targets E-Commerce Assets in Key Markets
HFF has secured a $46 million loan on behalf of the company’s first industrial portfolio, which includes warehouse buildings in Los Angeles and Chicago.
NoVa Office Tower Lands $250M Refi
The transaction includes a future funding facility of up to $70 million that Monday Properties can use to lease and upgrade the 580,000-square-foot building.