Investment
One Enterprise Center Commands $15M
The LEED Silver certified asset was 51 percent leased at the time of the sale. Transwestern’s John Bell worked on behalf of the seller in the negotiations.
LBA Hospitality to Launch 2 New Orlando Hotels
TownePlace Suites by Marriott Orlando at SeaWorld and Holiday Inn Express and Suites Orlando at SeaWorld are slated to open this summer.
Aetna to Relocate HQ to Manhattan
The health care insurance giant will move its headquarters from Hartford, Conn., to Vornado Realty Trust’s upcoming 61 Ninth Ave., a Class A office building targeted for completion this year.
US Tech Firm Sets Foot in Canada
Okta’s new office will benefit from Toronto’s diverse talent pool, which will help grow the company’s engineering team to better serve its Canadian customer base.
Blackstone to Buy Retail REIT for $650M
The group is expanding its footprint in Asia with the acquisition of Croesus Retail Trust, which owns a portfolio of 11 shopping malls in Japan.
Six Drivers for Tomorrow’s Hot Cities
While U.S. gateway cities will continue to be popular, many investors and developers will shift into second-tier and interior markets during the next decade.
Merger of Drugstore Giants Changes Course
Under the new $5.2 billion deal, Walgreens Boots Alliance will purchase 2,186 stores from Rite Aid Co., along with three distribution centers and related inventory.
George Lucas Museum Gets Green Light
Designed by MAD Architects, the Lucas Museum of Narrative Art will feature an estimated 100,000 square feet of gallery space. The landmark will house a collection illustration, photography, film, animation and digital art.
Samsung Grows US Footprint With $380M SC Plant
Once up and running, the facility is expected to employ workers across a broad range of advanced manufacturing roles, including craftsmen, operators, engineers and other technical and non-technical positions.
Government Properties to Acquire First Potomac in $1.4B Deal
The resulting company will have an enterprise value of $4.3 billion, with gross assets of $4.1 billion. The transaction is expected to be completed by the end of 2017.