News
Bain Capital Sells Life Science Campus for $255M
The company teamed up with Phase 3 Partners to sell the 314,000-square-foot, Class A property in San Diego to a REIT.
Strategies for Late-Stage Multifamily Investing
Flexible structures are the best defense as the industry and the economy enter a second decade of expansion, according to The Habitat Co.’s Bryan Sullivan.
GA Shopping Center Trades for $24M
The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick’s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.
Washington Capital Acquires Bethesda Office Property for $45M
The 1964-constructed building received a full renovation in 1997 and an Energy Star certification in 2010. A diverse set of tenants currently occupy 96 percent of The Fairmont Building.
Boston Mixed-Use Lands $315M Construction Loan
Madison Realty Capital will provide the financing, while Cain International will contribute most of the equity for the $400 million Raffles Hotels & Resorts tower in the Back Bay neighborhood.
MPT to Invest $1.6B in Multi-State Hospital Portfolio
To retire an existing term-loan debt, Prospect Medical Holdings entered into a sale-leaseback agreement with the trust. The deal involves assets in California, Connecticut and Pennsylvania.
Charleston Opportunity Zone Office Project Breaks Ground
Hunt Real Estate Capital is providing equity financing for the development of a 92,000-square-foot building, slated for completion in late 2020.
With $4B Buy of IPT, Prologis Bulks Up in Key Markets
The all-cash transaction, which includes 37.5 million square feet of assets in 24 markets, will likely close in the fourth quarter.
Cushman & Wakefield Lands South FL Leasing Assignment
The three-building, Class A office campus includes more than 350,000 square feet in Fort Lauderdale, Fla. The owner plans to invest in amenity upgrades.
Lee & Associates Opens New DC, Northern Virginia Office
The brokerage company hired Josh Simon as president and Pierce Kruetzer as principal for the newly opened regional branch, where they will oversee growing the team.