Investment
Three-Point Play for Phillips Edison Grocery Center REIT II
The Cincinnati-based REIT recently acquired three grocery-anchored shopping centers located in Georgia, Florida and New York.
$1.1B Sale of Las Vegas Strip Retail Center Closes
A joint venture between Simon Property Group and Invesco Real Estate shelled out roughly $1.1 billion to acquire a luxury retail asset on the Las Vegas Strip.
Hollywood Hospital Plans $200M Expansion
The $200 million expansion of the CHA Hollywood Presbyterian Medical Center will include the development of a new emergency department.
San Diego Office Tower Snapped up by Gemini Investments-controlled Company
By Alex Girda, Associate Editor San Diego–A trophy office tower in San Diego was recently acquired by Gemini Rosemont, adding a substantial amount of space to the company’s office portfolio. The Gemini Investments-controlled entity purchased 610 West Ash for an undisclosed amount through a partnership with Central Properties. An HFF team consisting of Senior Managing Directors Nick Psyllos, Ryan Gallagher, and Michael Leggett, as well as Director Nick Frasco negotiated the transaction. Located at 610 West Ash St., the office tower offers 177,489 square feet of space. The 19-story commercial building is located in the city’s CBD and is a…
Dalfen Increases Ohio Presence with Acquisition of 23-Building Industrial Portfolio
Dalfen America Corp. added more than 2 million square feet of space to its industrial portfolio.
First Luxury Residential Hotel in NYC’s New Downtown Opens This Spring
Korman Communities opened its first luxury residential hotel in downtown Manhattan, offering premium services and top-of-the-line furnishings.
Apple-Apple Merger to Stay Focused on Select-Service Hotels
The $1.3 billion merger will create a combined portfolio comprising 234 Hilton and Marriott hotels.
Monsanto Planning $975M Manufacturing Complex Expansion
The agrochemical and agricultural biotechnology corporation is investing big bucks into its Luling, La., manufacturing plant.
Four Multi-Tenant Industrial Acquisitions Notched by BKM in Metro Phoenix
The assets greatly expand the company’s Phoenix-area portfolio, with improvements set for all of the new properties.
Cornerstone Comes Through for Blackstone in a Big Way
Cornerstone Real Estate Advisers originated a $335 million loan to fund Blackstone’s acquisition of four Club Quarters hotels across the U.S.