Investment
Iron Mountain Forges U.S. Expansion with $1.3B Deal
With the IO Data Centers deal, Iron Mountain will acquire the land and buildings of four data centers in Phoenix and Scottsdale, Ariz.; Edison, N.J.; and Columbus, Ohio.
1 MSF Chicago-Area Office Complex Sells for $78M
Partners Long Wharf Capital and Hamilton Partners sold the two-building campus consisting of One Pierce Place and 500 Park Blvd. in Itasca, Ill., to a joint venture involving Balfour Pacific Real Estate Fund IV and Hamilton Partners.
HVMG Sells NC Embassy Suites
HVMG has sold the 146-key Embassy Suites in downtown Winston-Salem, N.C. The hotel is in convenient proximity to Smith-Reynolds and Piedmont Triad International airports.
Kennedy Wilson Refinances $334M of Irish Properties
Euro-subsidiary completes refinances of seven assets, including office, retail and multifamily properties in the capital city of Dublin. The deal follows this fall’s merger between Kennedy Wilson Holdings and Kennedy Wilson Europe Real Estate.
ShopOne Enters NYC MSA
The company acquired Oak Park Commons, a 139,717-square-foot grocery-anchored shopping center in South Plainfield, N.J., continuing its plan to diversify the geographic makeup of its portfolio.
Marcus & Millichap Report: Tax Reform’s CRE Impact Likely Limited
While the separate versions of tax reform put forth by the U.S. House of Representatives and the U.S. Senate have not yet been reconciled, the report concludes that neither proposal, or any combination of the two, would cause anything close to shockwaves in the commercial real estate industry.
A Year in Review: South Florida’s Hotel Lending Climate
This year proved to be a challenging one for hospitality owners and developers seeking conventional financing. Rodrigo Azpurua, founder & CEO of Riviera Point Development Group, shares the alternative lending sources he has successfully used to secure capital for projects and what he expects in 2018.
Peregrine Realty Snags Seattle Flex Park
The six-building property is located in the city’s northern suburbs and provides more than 200,000 square feet of office, lab and logistics space.
ATCAP Snaps Up 16-Building Industrial Portfolio in Houston
HFF represented Stockbridge Capital Group in the sale of the properties, while also arranging acquisition financing for the buyer, through a fixed-rate loan with Global Atlantic Financial Group.
Suburban Philly Office Building Fetches $31M
The 169,163-square-foot River Park I in Conshohocken, Penn., previously served as a paper mill and was converted to office in 2001.