Investment
Friedman Sells Michigan Office Building
The commercial real estate services provider represented both the seller, Nicholas Development Company Inc., and the buyer in this transaction. Mark Van Den Branden LLC purchased the 6,500-square-foot property in Warren, Mich.
StorageMart Buys 650-Unit NoCal Facility
The 78,000-square-foot property was constructed in 2009 and is the company’s first asset in Santa Cruz.
Marriott Sells Hawaii Resort for $317M
The Westin Maui along Ka’anapali Beach comprises the recently renovated 553-key Ocean Tower, as well as the 206-key Beach Tower, which will get its own makeover under the new ownership of Trinity Investments and Oaktree Capital Management.
CBRE Structures $19M R&D Sale-Leaseback
The 86,118-square-foot building in Fremont, Calif., will be leased back for 10 years by the current owner and occupant on a NNN basis.
P3RE Acquires BroadAcres Office Park for $32M
Meridian Capital Group secured financing for the company and Cushman & Wakefield represented the Bloomfield, N.J.-based seller, Prism Capital Partners.
Car Parts Manufacturer to Bring $60M Investment to Springfield
The Japanese auto parts manufacturer previously announced a $10 million investment, but it now significantly expanded the project. Topre America intends to build a 150,000-square-foot facility in Clark County, Ohio, that will create 85 jobs.
Prologis Acquires 4-Building Industrial Distribution Center in Houston
The Class B distribution warehouses, located in Houston’s West by Northwest Industrial Park, total 809,196 square feet and have generated more than 10 offers from institutional investors.
Former Equity Trust HQ Changes Hands
The 40,000-square-foot property sold for $1 million to a local investor in Cleveland. The Buyer Quest-anchored office building will undergo several improvements.
Former ARC Hospitality Closes First Phase of $400M Investment
Rebranded Hospitality Investors Trust, the company has also completed a transition to self-management, having terminated its previous agreement with American Realty Capital Hospitality Advisors.
Asian Investment in US Office Assets Continues to Surge
CommercialCafé’s latest analysis tracks down the most attractive U.S. office markets for Asian investors.