Finance
GLP Grows US Presence with $1.1B Buy
The first part of the deal is expected to close in December with the purchase of a $700 million portfolio.
GPT, TPG Enter Strategic Partnership
Strategic Office Partners’ portfolio comprises high-quality, single-tenant office assets totaling 1 million square feet.
Hudson Cos. Plans Warehouse-to-Office Conversion in Brooklyn
A three-building industrial asset on Scholes Street will start fresh as a Class A office and retail complex.
Finmarc Sells Fully Occupied Industrial Building in DC Area
The 71,373-square-foot asset was constructed in 1972 and last changed hands six months ago.
Vornado Closes $675M Refi of Iconic Chicago Building
At 4.2 million square feet, Merchandise Mart was the largest building in the world upon opening in 1930.
Acadia Realty Trust Closes Fund with Mega-Buying Power
The firm’s fifth institutional retail fund closed with $520 million in commitments.
Industry Veteran Reiff Heads New Lending Venture
The former FirstKey Lending CEO will be heading Allegiant Real Estate Capital, a new specialty lending operation.
Blackstone Fund Closes at $1.3B
The fund made its first sale in December 2014 and attracted a broad base of investors from around the world.
AR Global Non-Traded REITs to Merge in $1.4B Deal
Once combined, the retail-focused portfolio will comprise 494 properties in 39 states with a total of 20.8 million square feet.
Hampton Inn & Suites Trades North of Orlando
Located in the Gainesville’s downtown historic district, the hotel changed hands for approximately $218,000 per key.