Investment
Weiss Development Sells LA Retail Portfolio
The four properties totaling 65,400 square feet include two Petco stores, an Office Depot and a multi-tenant building. Newmark Knight Frank arranged the deal on behalf of the seller.
J.P. Morgan, JBG Smith Sell DC Office Tower for $385M
Ponte Gadea, the investment arm of billionaire Amancio Ortega, purchased the 401,000-square-foot building at 1501 K St. NW.
Nashville Hotel Trades for $125M
The seller, Rockbridge, acquired the 214-key Hilton Garden Inn in the city center for slightly more than $80 million in 2016.
Genet Property Group Buys FL Industrial Portfolio
The purchase included Fairfax Industrial Park in Riviera Beach and 7150 Devons Road in West Palm Beach. Cushman & Wakefield represented the seller in the transaction.
Mack-Cali Sells NY Warehouse for $70M
The disposition of the 386,000-square-foot Elmsford Distribution Center in Westchester County marks another step in the company’s portfolio transformation program.
Atlanta Office Sells for $83M
The Brookdale Group, which acquired the nearly 280,000-square-foot Class A asset in 2015 for $53 million, renovated the property in 2016.
Greenwich Hospitality Group Acquires MI Resort for $23M
The new owner plans to spend two years and more than $10 million to upgrade and renovate the 179-key waterfront property.
Phoenix Newspaper Headquarters Sells for $38M
The ViaWest Group acquired the Arizona Republic’s headquarters in the city’s central business district. Current tenants, all affiliates or spinoffs of Gannett, will remain at the property.
Hana Financial Acquires Frankfurt Office Property
Hines advised the firm in its purchase of Helix, a nearly 390,000-square-foot building located in Helfmann Park. The asset is currently leased to Commerzbank.
Gencom Pays $100M for FL Hotel Portfolio
The company led a partnership that purchased two Tampa-area properties: The Beachcomber Beach Resort & Hotel and The Grand Plaza Beach Hotel & Beach Resort.