Investment
Allianz, Columbia Team Up on $421M DC Purchase
HFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
Columbia Expands NYC Portfolio With $514M Office Buy
Neither of the buildings in the portfolio has any near-term capital needs, both being fully and attractively renovated in recent years. 245-249 W. 17th St. and 218 W. 18th St. house the headquarters of Twitter and Red Bull, along with several other tenants.
Grander Capital Buys into MA Office Campus
A joint venture between Grander Capital Partners and North Colony Asset Management purchased Heritage Point, a 160,912-square-foot building located within the Heritage Landing office campus in Quincy, Mass.
TA Realty Snaps Up Ft. Lauderdale-Area Facility
The business park is close to major Florida thoroughfares and is 100 percent leased to a mix of notable tenants.
Gatehouse Affiliate Opens Downtown Dallas Hotel
An affiliate of Gatehouse Capital opened a 132-key hotel in Dallas next to the Baylor University Medical Center. Aimbridge Hospitality manages Home2 Suites by Hilton Dallas Downtown at Baylor Scott & White.
Mack-Cali Sells NJ Flex/Industrial Park for $66M
Heritage Capital Group acquired the 13-building Totowa Commerce Center in Totowa, N.J., as part of a 1031 exchange. Natixis Real Estate Capital provided acquisition financing for the deal.
MCR Buys 2 Salt Lake City Marriott Hotels
The company has purchased the 97-key Marriott Courtyard Lehi and 94-key Marriott SpringHill Suites Lehi for a combined $27.5 million.
Largest Michigan Solar Park Begins Commercial Operation
The 200,000-panel array broke ground in 2016 and is spread across more than 250 acres. The facility is estimated to produce sufficient clean energy to power 11,000 homes.
DC Office Building Trades, Seeks Rebranding
In a deal brokered by Newmark Knight Frank, American Real Estate Partners paid $64.2 million for the 192,000-square-foot office asset located in the NoMad submarket of Washington, D.C.
JV Unveils Downtown Hartford Mixed-Use Project
RBH Group, Goldman Sachs Urban Investment Group, and several other partners will develop Teachers Corner Hartford, which will bring 60 affordable and market rate units, with an additional 6,000 square feet of retail space.