Investment
Caesars, VICI Close $1.1B Harrah’s Sale-Leaseback
The deal paves the way for Caesars to develop a new convention center and partially funds the firm’s previously announced acquisition of Centaur.
Two-State Industrial Portfolio Commands $40M
BPP Pacific sold the assets located across Arizona and Colorado in a deal facilitated by JLL. The properties are 92 percent leased to 17 tenants.
Miami’s Citigroup Center Emerges From $20M Makeover
Crocker Partners has completed the upgrade of the 803,000-square-foot office tower, refurbishing the exterior, transforming the lobby and creating the largest tenant amenity conference center in the downtown market.
Forest City Initiates Major Retail Selloff
Once the Madison International Realty and QIC transactions are completed, Forest City will have exited from substantially all of the shopping center-based retail in its portfolio.
South FL Shopping Center Trades for $33M
JBL Asset Management has acquired Flamingo Pines Plaza, a nearly 140,000-square-foot community retail center, located in the South Florida submarket.
Douglas Emmett Snags $144M Beverly Hills Office
Home to several health-care businesses, the 146,300-square-foot building is located at 9401 Wilshire Blvd., at the corner of Wilshire and Canon in the Beverly Hills Golden Triangle.
Pure Industrial Picks Up Properties in U.S., Canada
Including the Montreal transaction closing expected in January and the closing of one of the Fort Worth assets set for August 2018, PIRET will have completed or announced year-to-date acquisitions of approximately $850 million.
Seattle Office Tower Trades for $268M
Japanese investment firm Takenaka Corp. is the new owner of the 11-story Tilt49 office building in the Denny Triangle, a key location for the city’s office, tech and life sciences industries.
MFT, Fed One Break Ground on 260 KSF Warehouse in Ohio
This is the second phase of Air South Commerce Center, an industrial project near Columbus that will eventually feature 400,000 square feet.
Waterton Debuts $2M Sheraton Framingham Revamp
The company remodeled and upgraded the 375-key Sheraton Framingham Hotel & Conference Center, located west of downtown Boston.