Investment
HTA Grabs Multi-State MOB Portfolio for $150M
Already the largest owner and operator of medical office buildings in the U.S., Healthcare Trust added 592,000 square feet of space in Arizona and Southern California.
Morrison Raises $200M for Mezzanine Debt
The fund provides small-balance mezzanine capital, with investment balances typically ranging from $2 million to $10 million, to CRE market participants across diverse property types in the top 100 MSAs nationwide.
Suburban DC Office Building Sells for $4M
Transwestern handled the sale of a 27,500-square-foot office/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.
Danish Manufacturer Doubles KY Footprint
Linak, a company that produces linear actuators for hospital beds, office desks, farm equipment and other uses, broke ground on a $33 million expansion in Louisville, Ky. The investment will create 413 new jobs.
JV to Acquire and Manage Intertur Hotels
The joint venture aims to reposition and modernize the portfolio of 1,119 guestrooms through an investment program. Alua will manage the hotels and market them under its brand in 2018.
Out-of-State Investor Buys Retail Center in Katy, TX
Grand Crossing II is situated on one acre at the southwest corner of Interstate 10 and Grand Parkway, visible to more than 356,000 vehicles every day.
Songy Highroads Enters Nashville Hotel Market
The Atlanta-based developer will build a 15-story Hyatt House hotel a block away from the Vanderbilt University. The 201-key hotel will be completed by early 2019.
HFF Closes Sale of Broadway Shopping Center
The tenant roster at the 74,604-square-foot power center includes Big Lots, Da Vita Dialysis, West Marine and Subway. More than 34,800 residents live within a three-mile radius of the property, while more than 64,000 vehicles pass by daily.
CCP, Sabra to Create Healthcare Giga-REIT
The combined company is expected to have an equity market capitalization of $4.3 billion and a pro forma market cap of about $7.4 billion.
Union Investment Snaps Up $154M Denver Asset
The Triangle Building, a 226,000-square-foot, uniquely shaped Class A office property in lower downtown, was 98 percent leased at the time of sale.