Finance
Meridian Snags $17M Tampa Office Park
The new owner will invest $1 million in outdoor upgrades and indoor common-area renovations and plans to build a 2,000-square-foot shared amenity center and café.
JLL Secures $75M for Denver-Area JP Morgan Acquisition
The seller was Blackstone, on whose behalf JLL Capital Markets had completed the sale. Deutsche Bank provided the five-year, floating-rate loan.
Plymouth Industrial Sheds $100M on Chicago-Area Assets
The 15-property portfolio comprises a total of three million square feet of Class B warehouse space. The seller is BIGS Holdings, a subsidiary of Goldman Sachs.
Lightstone Lands $260M Refi for Times Square Hotel
Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.
Allianz Takes Stake in Times Square Tower
The purchase from SL Green capped a year of investments in U.S. real estate that reached $3.5 billion for the company, which now has $16.3 billion in assets under management nationwide.
Thor Secures 3 New Lessees in Houston
Hancock Whitney Bank, Novum Energy and Regency Centers will be tenants at 3200 Kirby, a new 186,000-square-foot Class A office building and luxury mixed-use development.
Hong Kong Tops List of Most Expensive Office Locations
Cushman & Wakefield research shows the city has replaced London’s West End as the most expensive to accommodate staff.
KBS REIT Sells $804M Portfolio to New Singaporean REIT
The 3.2 million-square-foot buy is part of the newly formed REIT’s plan to focus on office real estate in key U.S. growth markets.
On the Market: 5 Interesting Listings for November
This month’s listings include a historic Massachusetts multifamily asset built in 1895 and a recently renovated office/loft space in Birmingham, Ala.
HFF Arranges $27M MOB Portfolio Recap
The company acted on behalf of both borrower Catalyst HRE and investor Charter Realty Group. 100 percent leased, the portfolio comprises six medical office buildings totaling 68,000 square feet in FL and NC.