Investment
Time Equities Buys Cleveland-Area Office Building
The company paid $7.6 million to PNC Bank—which was also a tenant in the building—in a transaction brokered by CBRE. The asset will be delivered fully vacant.
Ivy Realty Obtains $41M for NJ Portfolio Purchase
Cushman & Wakefield has arranged the financing, which will also help the borrower rebrand the value-add collection of seven industrial assets.
Hines Buys German Office Portfolio for $341M
The purchase, which includes 13 buildings and totals more than 295,275 square feet, marks the fund’s second acquisition of its kind in Stuttgart.
LaSalle Investment Buys Dallas Value-Add Community
On behalf of its U.S. core open-end real estate fund, the company has acquired a 152-unit multifamily asset in Turtle Creek, Texas. The property previously traded for $48.9 million.
The New Lineup of Debt Players
Why a growing number of developers and investors are discovering an attractive new line of business in lending.
What’s Next in Coworking?
The shared office market has moved from trendy to mainstream. With competition heating up, operators must deliver next-level service to stay in the game.
GM, DTE Energy Sign Agreement for 300GwH of Wind Power
To date, 20 percent of GM’s global energy supply comes from renewable sources. The car manufacturer is a member of the Renewable Energy Buyers Alliance.
JV to Acquire Embassy Suites in Baltimore
An HFF team arranged the partnership and secured the acquisition financing. The Hilton-branded hotel previously sold in 2014 for $21.2 million.
Pebblebrook Sells DC Hotel for $142M
After acquiring LaSalle Hotel Properties in November, the REIT embarked upon a disposition program that so far has included eight properties and is expected to continue over the next 18 months.
CityView Commercial Buys GA Retail Center for $45M
JLL arranged the sale of Southlake Mall in the Atlanta suburb of Morrow, working on behalf of Vintage Real Estate, which had owned the property for nearly five years.