Investment
Marcus & Millichap Completes Sale of U Storage OK
The firm represented both the seller and the buyer in the sale of the 134,318-square-foot self-storage facility, located in Edmond, a suburb of Oklahoma City.
German Investor to Buy $120M DC Hotel
Union Investment GmbH has inked an agreement to acquire Thompson D.C., a 225-key project in the Navy Yards district, from a joint venture involving Geolo Capital and JW Capital Partners. The purchase will increase the company’s growing U.S. lodging portfolio to five properties.
JV Buys 199-Key Hotel in Downtown DC
The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.
Federal Capital Sells DC-Area Office Tower for $226M
Harbor Group International is the new owner of One Dulles Tower, a 403,600-square-foot trophy property occupied in its entirety by Amazon Web Services. The deal comes less than three years after FCP purchased the corporate campus in an $84 million transaction.
LA Office Building Commands $196M
NKF Capital Markets represented Lincoln Property Co. in the sale of Wedbush Center, a 21-story tower at 1000 Wilshire in the city’s downtown.
Chicago’s Historic Wrigley Building Could Be Up for Sale
The owners, a group that includes Zeller Realty and BDT Capital Partners, have something to chew on, since the iconic Mag Mile office property may fetch more than $200 million.
CMBS’s Coming Headwinds
The CMBS market is well positioned for another stable year, but at this late stage in the current cycle, the market faces a number of challenges.
DiamondRock Adds to Hotel Portfolio
The company purchased The Landing Resort & Spa, a 77-key luxury resort in Lake Tahoe, Calif., for $42 million.
BKM Capital Partners Buys San Diego Industrial Property
Situated in the Miramar submarket, Activity Business Center is a 160,943-square-foot industrial property. Cushman & Wakefield represented the seller, Lincoln Property Co.
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