Investment
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.
Anchor Health Buys San Diego Hospital Campus MOB
The company purchased the 82,024-square-foot asset in the suburb of La Mesa, Calif., free and clear of existing debt from The Abbey Co.
Vornado Completes $500M NYC Refi
The 40-story office building is located in Midtown Manhattan at 330 Madison Ave. It’s the fourth Manhattan asset the REIT or an affiliate has refinanced in the last eight months.
TA Realty Sells $202M Mid-Atlantic Industrial Portfolio
The properties are situated within the states of Maryland and Delaware. The company worked on behalf of Realty Associates Fund VIII and Realty Associates Fund X.
Blackstone Buys Clarion Events
Established in 1947, the London-based event organizer boasts roughly 950 employees in 13 offices across the globe. The transaction includes an option for Clarion to reinvest part of the disposition proceeds into the events company.
CBRE Brokers Sale of Miami Lakes Retail Center
Anchored by Office Depot, the property is 98 percent leased to a variety of tenants including TD Bank and Chick-Fil-A.
Opa-Locka Flea Market Trades in $80M Deal
The new owner signed a long-term lease with RER Outdoor Marketplace, which will operate the property and implement a series of upgrades at the flea market.
Stream Realty Partners Sells Retail Center in Pearland, TX
The commercial real estate firm sold The Center at Pearland Parkway I. The property is fully leased to national tenants including Ross Dress for Less and T.J. Maxx.
Rexford Buys $20M Inland Empire Industrial Asset
The 201,035-square-foot property is fully leased to a logistics tenant on a triple net basis and has significant rental upside.