Investment
WPT Industrial Goes on $96M Shopping Spree
The REIT has agreed to acquire two distribution centers in Oregon and Texas. Combined, the properties offer more than 903,000 square feet of gross leasable space.
HFF Secures Financing for Florida Beach Hotel
The 123-key Days Inn Hotel will feature upon renovations two outdoor pools, upgraded landscaping, fitness and business center, as well as seven additional guest rooms.
Gladstone Buys Suburban Philly Office Asset
The firm acquired a 60,016-square-foot office building for $15.45 million. The property has been fully leased to construction contractor Jacobs Engineering Group Inc. since its completion in 1997.
Silicon Valley Project Lands $79M Construction Loan
Development on Broadway Station will start in the third quarter, with delivery expected in the summer of 2019. Chan Zuckerberg Initiative already preleased the entire building.
AMD Global Buys, Renovates Houston Hospital
The development firm is the new owner of a four-decade-old health-care property, currently home to St. Joseph Medical Center in The Heights neighborhood.
Monmouth Lands 316 KSF Industrial Building in SC
The public equity REIT purchased the asset for $21.9 million. The building is net-leased to Autoneum North America Inc., a Delaware corporation.
Berkshire Hathaway Invests $377M in STORE Capital
STORE issued 18.6 million shares of company stock in a private placement to a wholly owned subsidiary of Berkshire at a price of $20.25 per share.
Westwood Financial Lands Sixth NC Shopping Center
The Arbors at Mallard Creek, a 55,323 square-foot retail asset in Charlotte, is the company’s most recent acquisition. CBRE represented both the seller and the buyer in the $25.1 million transaction.
CBRE Arranges Greater LA Industrial 1031 Exchange
The three-building park in Norwalk, Calif. changed hands for $14.1 million and is 98 percent leased to a variety of tenants, including Ford Motors.
New Retail Center Coming to Kemah, TX
Located in the Kemah Entertainment District, the 79,000-square-foot shopping center is already 92 percent leased to tenants including Petco, Marshalls, Ross Dress for Less, ULTA and Rack Room Shoes.