Investment
Ørsted’s Lincoln Clean Energy Acquires Coronal Energy
The acquisition deepens Ørsted’s expansion in the U.S. following its acquisition of Deepwater Wind from D.E Shaw Group in a $510 million deal in October.
Tampa Office Campus Trades for $53M
The Dilweg Cos. has acquired the four-building, 294,621-square-foot park located in Westshore Business District. Cushman & Wakefield assisted the seller in the transaction.
European Hotel Investment Volume Still Riding High
For the 12-month period ending in the first quarter of 2019, lodging transactions totaled €23 billion ($25.7 billion), with trades in the U.K., Spain and Germany accounting for the bulk of the activity.
Rexford Industrial Spends $30M on 2 LA Assets
The REIT acquired two properties within prime infill submarkets. Both buildings were fully leased at the time of the deal.
Continental Realty Acquires FL Value-Add Retail Asset
The Planet Fitness-anchored, 87,250-square-foot shopping center in Hernando County had only 23,000 square feet of space available for lease at the time of sale.
Dollinger Properties Buys Suburban OC Office
HFF brokered the sale of the 145,467-square-foot office building, located in Brea, Calif., on behalf of the seller, TA Realty.
BKM Capital Closes $382M Fund
The firm’s second institutional fund will invest in undervalued, light industrial assets in target markets across the western U.S.
Park Hotels, Chesapeake Lodging Trust to Merge in $2.7B Deal
Once the transaction is completed, the resulting company will own a 35,384-key, 66-property portfolio and have an estimated enterprise value of $12 billion.
CPE’s Top 5 Posts in April
Miss any of our articles? Catch up with five of our most popular posts for the month.
Nightingale Properties to Buy Coca-Cola Building for $907M
The soft drink giant put the Manhattan property up for sale late last year, enlisting Cushman & Wakefield to market the historic asset.