Investment
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.
GM Plans $334M Upgrade of Upstate NY Plants
The Detroit-based company intends to expand and modernize three of its facilities.
Special Report: How Rate Hikes Will Affect CRE
The Fed’s move shouldn’t harm investors’ appetites for assets, but more buyers may start looking for deals with shorter-term leases and frequent resets.
Bixby Land Co. Acquires $33M Office Complex in Portland
The four-story, 185,729-square-foot office campus was 96 percent leased at the time of the sale.
NYC’s 441 Ninth Ave. Lands Two New Owners, Makeover
A partnership between Cove Property Group and Baupost Group paid $330 million for the 423,000-square-foot building.