Investment
Douglas Emmett, QIA Expand With $353M Buy
The two buildings in Santa Monica were acquired from the Blackstone Group, which continues to sell off parts of its Equity Office Properties Trust portfolio.
Shamina Investments Nabs Oldest Hotel in Westwood LA
Thorofare Capital provided financing for the acquisition and renovation of the 53-key property built in 1939 by a local family.
JCPenney, Sephora Expand Partnership
The beauty destination was first introduced in 2006 and will now be available in 650 stores in 2017. As part of the expansion, the company will hire an additional 800 consultants nationwide.
HFF Secures $11M Financing for Atlanta-Area Industrial Portfolio
The company arranged acquisition financing for Citimark Inc., which acquired four industrial buildings totaling 409,801 square feet.
PAC Nabs Atlanta-Area Retail Center
The company acquired an 80,018-square-foot shopping center anchored by a 45,600-square-foot Publix grocery store. PAC financed the acquisition utilizing a $11.5 million non-recourse first mortgage loan.
Kennedy Wilson, Euro-Affiliate to Combine Into $8.2B Entity
The transaction is expected to close during the third quarter of 2017. The deal will reportedly create a global portfolio of more than 400 properties with an enhanced geographic mix and broad diversification across real estate sectors.
Terreno Realty Lands Seattle Distribution Building
The company paid $5.9 million to acquire the 35,000-square-foot property, which is located at 25-29 South Hanford St. in the SoDo district.
Boston Historic Building Trades in Sale-Leaseback Deal
Colliers International arranged the disposition of 148 State St. on behalf of Public Consulting Group Inc., which will keep its headquarters downtown.
Investcorp Adds $160M to Chicago, Boston Portfolios
The company has acquired six industrial properties totaling approximately 1.8 million square feet of warehouse and distribution space.
RLJ, FelCor to Merge in $1.2B All-Stock Deal
The move, which would create the third-largest pure-play lodging REIT, with a total enterprise value of $7 billion, was deemed a “head scratcher” by at least two analysts.