Investment
DRA Sells Fort Lauderdale’s Broward Financial Center for $112M, Reels in $61M in Financing
DRA Advisors has sold Broward Financial Center in Fort Lauderdale to AGS Property Corp., and HFF did double duty on the $112 million deal.
Howard Hughes Corp. Lands $600M for Nation’s Largest LEED-ND Platinum Project
Blackstone knows a good a project when it sees one. It doesn’t get much better than The Howard Hughes Corp.’s Ward Village, a mixed-use master-planned community that will rise on 60 acres situated directly between downtown Honolulu and Waikiki on Oahu.
Avison Young to Acquire Colliers Affiliate in Miami
In the latest in its ongoing string of acquisitions, Avison Young will purchase Miami-based CRE brokerage and property management firm Abood Wood-Fay Real Estate Group (doing business as Colliers International South Florida).
Shubin Nadal, DRA to Rebrand 800 KSF Office, Industrial Property in L.A.
Shubin Nadal Realty Investors has teamed with DRA Advisors on the acquisition of the 44-acre Harman International Business Campus located in the heart of the San Fernando Valley area of Los Angeles, and will rebrand the property as “The Campus.”
TA Associates Buys 272 KSF Office Tower in Iselin, NJ
TA Associates Realty has acquired 99 Wood Ave. S., a 272,000-square-foot trophy office building in Iselin, N.J.’s resurgent Metropark office market.
Core Capital, Downtown Properties JV Buys 150-Key Hyatt Place San Diego
A joint venture affiliated with Core Capital Investments and Downtown Properties has acquired the 150-key Hyatt Place San Diego from an entity controlled by ABA Development.
Atlas Buys M-F Portfolio Throughout Sunbelt Region
For a solid return on investment, Atlas Apartment Holdings has grabbed 20 multi-family properties throughout Texas, Florida, Georgia, North Carolina and South Carolina.
Loews Hotels Buys Loews Ventana Canyon Resort in Tucson
Loews Hotels & Resorts has acquired Loews Ventana Canyon Resort, a 398-room lodging destination that has operated under Loews Hotels’ management since the doors first swung open at 7000 N. Resort Dr. in 1984.
Candlebrook Enters Student Housing, Buys 5 Assets for $230M with Lubert-Adler
Candlebrook has launched a subsidiary to manage its new student housing platform and teamed with Lubert-Adler Partners to purchase five properties for $230 million to begin the enterprise.
Net-Lease Risks that Lenders Consider: Interview with Gary Mozer
Net-lease investments are often compared to having the security and cash flow of a bond investment, but a lender sees greater risks.