Investment
AmbioPharm Invests in $18M Expansion
The biopharmaceutical manufacturer will create 100 jobs to accommodate growth in Aiken County, S.C. The expansion project will add 50,000 square feet to the company’s existing facility.
SC Metal Processer to Invest $13M in Plant Expansion
Kloeckner Metals intends to add 50,000 square feet to its existing Greenville County operations. The Georgia-based company will create 19 jobs.
Hilton, Blackstone Grab 1,201-Key Vegas Resort
The joint venture acquired The Elara, one of the largest timeshare properties in the world. The asset features four penthouse floors, retail and 17,000 square feet of ballroom space.
SoCal Industrial Park Commands $211M
The six-building campus in Rancho Dominguez is 99 percent leased to 23 tenants. Situated adjacent to the Alameda Intermodal Corridor, the property offers access to five major freeways.
Waypoint Acquires 288-Unit Student Housing
The company plans to redevelop the student housing into conventional apartments. Renovations will be made to the unit interiors, as well as to the exterior.
Inland Real Estate Acquires 49 CVS Properties
Totaling 651,216 square feet across 16 states, the portfolio traded for more than $211 million. Joe Consenza, David Neboyskey and Kristin Orlando facilitated the transaction.
HFF Facilitates $16M Sale of NC Site
Managing Directors Justin Good and Jeff Glenn together with Senior Director Allan Lynch represented Wells Fargo Bank in the sale of a roughly 19-acre site in Raleigh, N.C., to DeWitt Carolinas Inc.
Condor Hospitality Picks Up 3 More Hotels
The REIT takes another step forward in its portfolio repositioning effort with the addition of a 366-key group of Texas properties. The assets traded for almost $60 million.
Vornado Completes DC Spin-Off, JBG Smith Begins Trading
The resulting company has an operating portfolio of about 20 million square feet. The firm also has a pipeline of roughly 18.3 million square feet of potential development density.
Industrial Property Trust Nabs 104 KSF Asset
The company purchased the property in the Rancho Dominguez submarket of Los Angeles County for $12 million and has a $2.5 million renovation underway.