Investment
Suburban Atlanta Office Portfolio Trades for $47M
TerraCap Management selected Lincoln Property Co. to spearhead leasing efforts, while Crocker Partners will remain in place for property management of the assets.
C&W Completes Sale of Miami International Logistics Center
Lincoln Property Company purchased the property, a prime infill redevelopment opportunity, from Keating Resources. The facility was 88 percent leased at the time of the sale.
HFF Brokers Sale of Peninsula Executive Center in Boca Raton
The acquisition marks the buyer’s first major investment in South Florida. HFF assisted the new owner in procuring a $33.5 million mortgage to facilitate the transaction.
Himmel + Meringoff Nabs Queens Office/Warehouse Asset
The 127,000-square-foot property is conveniently located at 21-07 41st Ave., at the F train subway station in Queen’s Long Island City neighborhood.
W Bellevue Hotel Opens in Greater Seattle
The property is part of the $1.2 billion Lincoln Square expansion project. Besides the 220 guestrooms and 25 suites, the hotel features 10,000 square feet of meeting space.
Crawford Hoying Unveils Urban Columbus Project
800 North High, the company’s first development in the Short North neighborhood, will include a 118-key Moxy Hotel, two restaurants and 45,000 square feet of Class A office space.
NY Investor Grabs 288 KSF NJ Office Asset
In an off-market transaction brokered by Cushman & Wakefield, Shelbourne Global Solutions acquired Perryville III in Hampton, N.J., for $19.9 million. The firm has rebranded the property as Shelbourne at Hunterdon.
Seattle Office Building Commands $330M
A German investment firm is the new owner of Midtown21, a 21-story tower MetLife Real Estate and Trammell Crow Co. developed in the high-growth Denny Triangle.
Tysons’ 2000 Corporate Ridge Fetches $39M Financing
PCCP arranged the senior loan for the purchase and renovation of the 261,910-square-foot office property. The repositioning will include the addition of a fitness center and multiple modern conference rooms.
Miami-Area Industrial Asset Trades in $8M Deal
Cushman & Wakefield’s experts assisted the seller in the transaction and helped secure acquisition financing on behalf of the buyer, through a loan originated by Starwood Mortgage Capital.