Finance
Boston-Area Industrial Asset Trades for $3M
The new owner, an entity managed by Patagon Ventures LLC, plans to convert the property into a 75,000-square-foot self-storage facility.
Coworking Firm Industrious Raises $80M
The closing of a Series C funding round, co-led by Riverwood Capital and Fifth Wall Ventures, paves the way for the company’s continued expansion and research into new workplace technologies.
Owens Realty Nabs Orlando Office Asset
A CBRE team led by Ron Rogg and Chip Wooten closed the $10.5 million transaction in the city’s Winter Park submarket.
HFF Arranges $39M Loan for Chicago Hotel
The company represented the borrower, an affiliate of Arbor Lodging Partners, for the acquisition of a 398-key hotel in the Schaumburg suburb of Chicago.
Investcorp, Schnitzer West Refinance Seattle Office Tower
The local HFF debt placement team worked on behalf of the joint venture to secure the $170 million loan through HSBC.
JV Secures $30M for Chicago Mixed-Use Project
Pangea Mortgage Capital and T2 Capital Management worked on behalf of UrbanStreet Group and VennPoint Real Estate to arrange financing for the 225-acre master-planned development at the Motorola Solutions former campus.
EverWest Disposes of Denver-Area Mixed-Use Asset
HFF has facilitated the sale of the Louisville office and retail center located 23 miles north of the metro core.
LakePharma Buys 69 KSF Building in MA
The property is located in Hopkinton, 35 miles east of downtown Boston. LakePharma will remodel the existing infrastructure to accommodate its manufacturing needs.
NKF Arranges $142M Sale of UT Retail Center
Situated in Fort Union, one of Salt Lake City’s premier retail destinations, the asset was built in 1974 and is currently 86 percent occupied.
CT Mixed-Use Center Lands $7M Refi
Washington Trust has secured financing for the Waterchase Center in Rocky Hill, Conn., which features 107,654 square feet of retail and office space.