Investment
Smithfield Foods Invests $100M in NC Facility
The producer plans to create approximately 250 new jobs by building a new distribution center and expanding its storage capabilities in Tar Heel.
KSL, HCC Purchase Utah Ski Resort
Deer Valley Resort offers more than nine properties in addition to its signature collection of private homes and condos. The transaction is anticipated to close prior to the upcoming 2017 to 2018 ski season.
Creative Office Space Coming to Southwest Portland
Point B is developing a 17,000-square-foot, three-story, mixed-use building, which will replace an old house and a small warehouse. Koble Creative Architecture and Abbasi Design Works designed the project.
Trinity, Oaktree Form $3B Hotel JV
The partners will focus on high-quality, value-add hotels in a handful of markets around the world, including Hawaii, California, Mexico and Japan.
Bentall Kennedy Enters Portland MOB Market
The Class A asset includes space for medical offices, day surgery, on-site diagnostic imaging and laboratories, as well as 3,000 square feet of retail.
Hanley Completes Target Shadow-Anchored Retail Sale
The 22,577-square-foot shopping center in Lake Elsinore, Calif., changed hand for $11.6 million. The asset has long-term tenants and was fully occupied at the time of the transaction.
Olshan Properties Unveils $27M Hilton Columbus Revamp
The company invested in the interior redesign and amenity enhancement of the 345-key Hilton Columbus at Easton. The hotel also added 9,000 square feet of meeting and event space.
Cush & Wake Brokers San Diego Industrial Sale
A Lincoln Property Co. entity nabbed the asset for $11.5 million. The single-tenant property is located in the tight Morena industrial submarket, which has a vacancy rate nearly half the county rate.
JV Breathes Life into NYC Science Lab
Silverstein Properties and Taconic Investment Partners will transform an existing facility and deliver an additional 150,000 square feet of space to create Hudson Research Center, a premier life science research lab in Midtown Manhattan.
Trinity Wall Street Scores $400M for NYC High-Rise
Cushman & Wakefield arranged the acquisition financing for 375 Hudson St., a 19-story Class A office and retail building in Manhattan.