Investment
New York REIT Lands $760M Financing, Prepares to Sell Assets
The proceeds will be used to repay debt, buy the remaining equity interest in Worldwide Plaza and fund the company’s dissolution.
MM Technics to Build First US Facility
The Germany-based company plans to begin construction on its first assembly plant in Newberry County, S.C., in January 2017.
U.S. Bank Plans $250M Data Center near Minneapolis
Construction set to begin in the spring of 2017, and to finalize by early 2018.
Private Lenders Step in to Fill the CMBS Gap
Banks remain active in refinancing, but tighter regulations are creating space for competitors.
Techtronic Industries Expands SC Presence
The Hong Kong-based company plans to develop a $75 million innovation center in Anderson County to complete its most recent expansion.
Vornado Scores Big at Vintage Manhattan Building
A refinancing yields $192 million in proceeds for the REIT.
Gramercy Nabs Half-Billion-Dollar Industrial Portfolio
The company has expanded its holdings with the acquisition of 17 bulk warehouses totaling 10.3 million square feet.
Columbia Departs Dallas, Phoenix with Office Property Sales
The Atlanta-based REIT sold the assets for a combined $109.5 million.
Four Hotels Change Hands in $119M Deal
The properties formerly owned by Xenia Hotels & Resorts are located in Houston, Denver, Chicago and St. Louis.
Hotel REIT Buys 3 Embassy Suites in Buckeye State
The properties in Columbus, Cleveland and Cincinnati total 782 guestrooms and traded for a combined $124 million.