Investment
Ashford Hospitality Prime Acquires Chicago Hotel for $153M
Ashford Hospitality Prime has acquired a 415-room hotel in the desirable Gold Coast submarket of Chicago from The Blackstone Group for $153 million.
Tesla Eyes 4 States for $5B Battery Factory
Four Southwest states – Texas, Arizona, New Mexico and Nevada – are in the running to be the home of Tesla Motors’ $5 billion “Gigafactory” that would mass produce lithium-ion batteries for electric cars and create 6,500 jobs.
Equity Sells 2 Suburban San Francisco Office Properties for $100M
Equity Office Properties Trust has been in a selling kind of mood in certain locations and it recently pocketed $100 million on the disposition of two office assets totaling 212,900 square-feet in Marin County, across the bay from San Francisco.
HFF Arranges Financing for $361M Purchase of Chicago Office Property
HFF did double duty for 10 and 120 South Riverside Plaza, a 1.4 million-square-foot office complex in Chicago.
Southwest Value Partners Acquires 463 KSF Office Building in Chandler, Ariz.
Southwest Value Partners has acquired Continuum Business & Technology Park, a Class A office building on 152 acres in Chandler, Ariz., from Capital Commercial Investments for $52 million.
HFF Closes Recap, Arranges Acquisition of 215-Key Hotel in El Segundo, Calif.
The DoubleTree LAX, a 215-room, full-service hotel in El Segundo, Calif., has closed on a new-equity recapitalization that has brought in two new owners.
Terramar, Studley Sell 618 KSF Shopping Center in Santa Clarita, Calif.
Terramar Retail Centers, with the help of Studley, has sold a 618,000-square-foot regional shopping center in Santa Clarita, Calif. through its subsidiary, GMS Golden Valley Ranch.
Stream Realty Partners Gets Financing for Power Center in Houston Area
Stream Realty Partners has received joint venture equity and construction financing for a 165,000-square-foot power center development in Pearland, Texas.
Rooker Buys 90-Acre Mall Site in Atlanta for Redevelopment
Atlanta-based real estate development and construction company Rooker plans to buy a 764,000-square-foot mall on a 90-acre site in Union City, Ga., and redevelop the property.