Investment
Blackstone to Lead Cloverleaf Recapitalization
Wells Fargo Securities served as financial advisor and Katten Muchin Rosenman LLP served as legal advisor for the cold storage warehousing and food logistics company during the transaction.
Has US Office Investment Recovered from the Financial Crisis?
A decade after the financial crash, COMMERCIALCafé analyzed the U.S. office investment realm, identifying the key markets, players and lending trends that characterized activity in this sector from 1997 to 2017.
Facebook to Add 1.8 MSF to Los Lunas Data Center
The social media company announced a second expansion to its Los Lunas Data Center project in New Mexico, increasing the total size the facility to 2.8 million square feet and the development cost to $1 billion.
Rubenstein, Northpoint Embark on NoVa Mixed-Use Renovation
The revamps of Carlyle Tower and the Shops at Carlyle Tower include elevator, HVAC and common area upgrades as well as an additional 7,500 square feet of new space.
Summit to Buy Four Hotels for $164M
The company expects to spend approximately $7 million to $9 million in capital improvements over the next two years. This off-market transaction will bring Summit’s year-to-date acquisition activity to nearly $600 million.
Compass Planning 750 KSF NoVA Data Center
The 106-acre site is currently undeveloped, except for two agricultural buildings, a gravel parking area and gravel roads. True North Data is currently awaiting approval from the Loudoun County Board of Supervisors.
Portland’s Tallest Office Tower Changes Hands
Starwood Capital Group has extensive renovation plans for Wells Fargo Center to bring it back to its former status as one of the most iconic Class A office towers in Portland. CBRE and Kidder Mathews will lease the tower.
BoatUS Headquarters Sells in Alexandria, VA
Public Storage has purchased the building for $13.7 million. The firm plans to turn the building into a self-storage facility.
East Bay Industrial Business Park Changes Hands
Alex. Brown Realty Inc. together with CIP Real Estate have acquired Eden Landing in Hayward, Calif. The joint venture plans to invest $2 million in capital improvements.
Sonnenblick-Eichner Arranges $35M Financing for SoCal Hotels
Comprising 378 guestrooms, the three-asset portfolio was subject to 10-year, fixed-rate loans. Vista Investments previously completed renovations at the properties.