Investment
Starwood Property Trust Sells Broward County Asset
A CBRE team represented the seller in the transaction, while Transamerica Life Insurance Co. provided acquisition financing on behalf of the buyer/borrower.
EquiCap Facilitates IN Self-Storage Asset
The Illinois-based brokerage company has facilitated the sale of a 239-unit self-storage facility located in Crown Point, Ind. The firm represented the seller and sourced the buyer in the deal.
Plaza Properties Offloads Northern AL Shopping Center
The retail asset, which contains more than 100,000 square feet, is almost fully leased to a range of long-term tenants.
Kimco Sells 370 KSF Midwest Shopping Center
Chase Properties and DRA Advisors used a $40 million Wells Fargo loan to fund the acquisition of Primrose Marketplace, an open-air retail property in Springfield, Mo.
JV Buys Class A Office in Downtown DC
Following the $100 million acquisition, DSC Partners and Wafra Inc. intend to reposition the 178,000-square-foot asset with a $5 million upgrade program.
AccorHotels to Buy Mövenpick Hotels for $560M
The acquisition will enhance the Paris-based global hospitality company’s presence in Europe, as well as its footprint in emerging markets of the Middle East, Africa and Asia-Pacific.
ESI Sells 179 Acres of AZ Business Park
The company has sold more than 61 percent of Surprise Pointe’s land to three different buyers: a developer, a distributor and a manufacturer. CBRE is representing the firm in the continuous sale of the 290-acre property.
Friedman Facilitates MI Office Park Sale
Holiday Office Park in Lansing comprises nine buildings ranging from 80,420 to 120,683 square feet across one to two stories.
Detroit’s Revitalization Combines Old and New
For a city that filed for bankruptcy just five years ago, Detroit is on a path to revitalization that shows no signs of slowing down.
Brookfield Fund Snags Chicago Office Tower for $305M
JLL Capital Markets represented the seller, an ultra-high-net-worth European family advised by Extell Development. Situated in the Central Loop, the 22-story 175 W. Jackson high-rise dates back to 1912.