Investment
Host Hotels & Resorts Announces Two Major NYC Sales
The company sold the New York Marriott Marquis retail, theater and signage in a $442 million deal, as well as the W New York – Union Square, in a separate transaction.
New Calkain Division Targets Institutional, Private-Market Clients
Founder, President & CEO Jonathan Hipp, describes how existing relationships and shifting market dynamics led him to start the brokerage’s capital markets group—NetCMG—in June, along with his plans for growing the new business line.
Andover Properties Sells Storage King Portfolio
Marcus & Millichap’s Tampa-based self-storage group facilitated the three-property investment deal. The new owner added 2,146 units to its holdings.
Unico Properties Enters Nashville Market
The firm purchased One Nashville Place, a 24-story tower in the city’s central business district. Cushman & Wakefield brokered the transaction and will also be managing the property alongside Unico’s team.
GEICO Plans New Digs in Tucson
The private passenger auto insurance company broke ground on a new office building in Arizona, which is slated to open late next year.
Mele Group Arranges Sale of Self-Storage Development
The brokerage team found a buyer that expects to complete the 980-unit facility in Pembroke Park, Fla., by summer 2019.
Gladstone Commercial Corp. Acquires Fully Leased OH Property
The industrial asset has been serving as Midwest Acoust-A-Fiber’s headquarters since its completion in 1990. The company, which is also the sole tenant, has signed a lease extension.
Tampa Flex Office Portfolio Trades for $15M
The buyer, a private investor, funded the acquisition of the two buildings with more than $10 million in financing from Starwood Mortgage Capital.
Tikehau Capital to Acquire Leading French CRE Firm
The transaction, which predominantly involves office and retail properties, will increase the alternative asset management and investment group’s portfolio from approximately $3 billion to $8.6 billion.
Bridge Investment Buys Suburban Chicago Office Complex
The company has expanded its portfolio with the addition of O’Hare International Center, a pair of nine-story Class A office towers adjacent to O’Hare International Airport.