Investment
Queens Industrial Assets Sell for $78M
The joint venture plans to upgrade the buildings in order to capitalize on the growing demand for quality space within the supply-constrained New York market.
Belk to Invest $40M in New Stores
The company also plans to remodel 12 existing stores across their 16-state footprint, investing close to $10 million. An additional $15 million in funding will be used for capital improvements.
Foxconn Announces $10B Wisconsin Campus
The campus—to be called Wisconn Valley—will result in the creation of more than 34,000 direct or indirect jobs. The state plans to sweeten the deal with a $3 billion incentive package.
Starwood Capital Nabs West Hollywood Hotel
The new 286-key property will ultimately be renamed 1 West Hollywood and become the fourth property in the chain’s award-winning, eco-conscious, luxury sustainable brand.
Transwestern, Mirae, State Farm Close ATL Sale-Leaseback
The building is Park Center I, a 13-story, LEED-certified office tower with ground-floor retail and seven levels of parking. The deal falls in line with the partnership’s investment strategy to achieve stable, long-term cash flow for its clients.
Sunstone Buys Florida Oceanfront Hotel in $175M Deal
The Oceans Edge Hotel & Marina is the largest luxury resort and marina in Key West. Its waterfront rooms are spread across four buildings, with 86 suites having private balconies that offer views of the Atlantic Ocean.
PGIM Acquires Midtown Atlanta Office Tower
The real estate investment arm of the insurance company purchased the LEED Gold certified asset from Crocker Partners on behalf of institutional investors.
CBRE Arranges Largest Philly Office Sale
Equity Commonwealth sold the two-building Centre Square complex in a deal that broke the record for the city’s largest-ever office transaction in terms of square footage.
LBG, Aviva Nab Mammoth CA Shopping Mall
The JV aims to implement an entirely new merchandising strategy for the asset as well as extensive rebranding and redevelopment. The property sits on nearly 77 acres of land and offers views of the San Francisco Bay.
Allianz Secures Naming Rights for MLS Stadium
The owners of the Minnesota United FC soccer team have chosen the global life insurance giant—which has local roots in the state—as the sponsor for the new $200 million arena in St. Paul.