Investment
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.
Entrada Snags DFW Office/Industrial Portfolio
HFF orchestrated a loan through Bank of America Merrill Lynch for the acquisition of the half-million-square-foot collection of seven properties.
Blackstone to Buy Energy MLP Specialists
The group is acquiring Harvest Fund Advisors, an independent investment management firm with more than $10 billion in assets under its umbrella.
MedCraft to Expand MN Essentia Health Facility
The 26,633-square-foot expansion in Grand Rapids, Minn., is slated for completion by May 2018. The partnership minimizes risks, allowing Essentia to reinvest in expanded facility operations.
CBRE Global Buys 25 Medical Office Buildings
The 1.4 million-square-foot, 10-state portfolio will be operated by the seller, a joint venture of Kayne Anderson Real Estate Advisors and MBRE Healthcare.
Mixed Signals: Will Deal Volume Pick Up in the Second Half?
At the beginning of 2017, many forecasters predicted a robust performance for office investment, even in the face of political and economic uncertainty. Though industry veterans maintain an upbeat outlook, signs for the rest of the year are not all promising.