Investment
Golub & Co. Sells Interest in Chicago High-Rise
The locally based international real estate developer will continue as operator, manager and leasing agent of Orrington Plaza, a 20-story trophy office building in Evanston, Ill.
Montecito Medical Expands TN Footprint
The newly constructed medical office building, situated southwest of downtown Nashville, contains more than 20,000 square feet and is fully leased to Saint Thomas Health.
Rockefeller Group, Mitsubishi Sell Boston Trophy Tower
TA Realty arranged the $418 million sale of 28 State St., a 479,000-square-foot office building in the city’s Financial District. According to published reports, Heitman Capital Management is the new owner.
TerraCap Trades Orlando Office for $28M
When the company purchased the asset for $9.3 million in 2014, the building was 26 percent leased. Following a series of renovations, Keller Center has reached full occupancy.
Inland Empire Warehouse Sells for $16M
Cushman & Wakefield has arranged the sale on behalf of the owner, Newcastle Partners. The asset, completed in 2017, offers easy access to Interstate 215.
JLL Spark Forms $100M Global Venture Fund
The new vehicle will focus on tech startups that help JLL investor and occupier clients or that invent new technology-enabled business models in the company’s traditional service areas.
Chesapeake Lodging Trust to Sell SoCal Hotel for $90M
The planned disposition of the Hyatt Centric Santa Barbara comes five years after the REIT acquired the 200-key destination for $61 million.
Rockpoint Group Buys 5-Building OC Office Asset
This transaction marks the largest office sale this year in Orange County for NKF Capital Markets, which represented the seller of the 479,450-square-foot property in Aliso Viejo, Calif.
The Net Lease Break-Up Strategy
Net lease owners are seeking new ways to leverage their investments, and it’s paying off—in turn attracting more investment sales brokers than in years past, relates Max Freedman, founding partner of Sands Investment Group.
Tishman Expands Orlando Hospitality Portfolio
Karlson’s Hospitality traded the three properties, which include 400 guestrooms, for $66 million. The new owner funded the acquisition with a $58.5 million loan.