News
Waterman Interests, USAA Real Estate Sell NYC Towers for $138M
The partners owned the two office buildings in Manhattan’s Midtown West neighborhood for four years. Qatar-based Alduwaliya is the new owner of the nearly fully leased assets.
Denver Trophy Tower Lands $220M Loan
HFF worked on behalf of Hines and its equity partner to secure the permanent financing for 1144 Fifthteenth St., the city’s first high-rise office development in more than 30 years.
Broad Street, MedAmerica Strike Merger Deal
MedAmerica, which has focused on medical office buildings since a name and strategy change in 2017, will be part of a new company with a 2 million-square-foot retail portfolio.
Shaner Hotels JV Breaks Ground on 108-Key PA Project
The company has partnered with Paul Risk Construction to develop a five-story Fairfield by Marriott in Mechanicsburg, its 15th property in Pennsylvania.
Top 5 Office Developments in San Antonio
The largest project is nearing completion in the city center, which will soon give downtown its first major office delivery in 30 years.
Denver Office Building Changes Hands
Stabilis Capital Management sold Monaco Tower after holding it for five years. The property is located within 7 miles of downtown.
Urbanspace Buys The Independent’s Entire Ground Floor
The acquisition marks the company’s 20-year presence in Austin and also launches them into the neighborhood coffee shop and bar business.
Metro Miami Distribution Facility Trades for $38M
ASB Capital Management has purchased the 221,542-square-foot asset in Fort Lauderdale. CBRE assisted the seller, Bridge Development Partners, in the transaction.
Top 10 Office Transactions in Atlanta
Transaction activity during the first five months of 2019 was dominated by suburban office properties. The Buckhead, Galleria and Alpharetta submarkets attracted the most investor interest.
Blackstone to Double US Industrial Footprint in Record $18.7B Deal
The company agreed to purchase assets from three GLP funds, building on growing e-commerce demand. The deal is being called the largest-ever private equity real estate transaction.