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Condor Hospitality Trust Boosts Acquisition Fund
KeyBanc Capital Markets, BMO Capital Markets and Huntington National Bank were the joint lead arrangers of the additional $60 million to the company’s credit facility.
Ivanhoé Cambridge JV Buys Chicago Office Tower
The company and its partner, Callahan Capital Properties, paid $145 million to acquire the 576,000-square-foot high-rise at 125 S. Wacker Drive in the city’s West Loop neighborhood.
RealtyShares Names Industry Vet to BOD
Edward Forst brings a wealth of experience to the online crowdfunding operation, having worked with Cushman & Wakefield and Goldman Sachs.
Hines Unveils 3.5 MSF Corporate Campus in Texas
The Strand, a 135-acre live-work-play community in suburban Dallas, will be developed in phases and will bring office accommodations, retail space and urban residential options.
HFZ Bags $1B Loan for Mammoth NYC Project
Designed by architectural firm Bjarke Ingels Group, The Eleventh will consist of two towers appearing to be in a semi-twist, on the verge of wrapping around each other.
AHT Plans $400M Revamp of Nashville Convention Center
Plans for the new mixed-use project include a 26-story, Class A office tower; 235,000 square feet of high-end retail, dining and entertainment; as well as a 34-story residential building.
CBRE Secures $152M Bay Area Office Refi
The owner has repositioned and modernized Rosewood Commons, taking it from 10 percent leased at purchase to 95 percent leased now.
H.I.G. Closes $600M Real Estate Fund
The fund’s general partner and related parties were among the list of contributors, as was a $52 million co-investment vehicle. Fund III, launched in June 2015, has so far amassed a portfolio of eight assets accounting for 20 percent of the commitments.
HTA Grabs Multi-State MOB Portfolio for $150M
Already the largest owner and operator of medical office buildings in the U.S., Healthcare Trust added 592,000 square feet of space in Arizona and Southern California.
Newark Lands First Spec Office in 30 Years
Development of Ironside Newark is expected to last about 18 months, with opening targeted for fall 2018. Perkins Eastman is the architect, and Hollister Construction the construction manager.