News
Lincoln Property Completes OC Office Campus Renovation
Katella Office Campus is a two-building, 150,000-square-foot property in Los Alamitos, Calif. The developer used a $21.2 million construction loan to implement the upgrades.
RPT Realty Sells 2 WI Shopping Centers for $69M
The firm sold The Shoppes at Fox River in Waukesha and East Town Plaza in Madison. Proceeds will go towards funding the firm’s value creation initiatives and reducing leverage.
Blackstone Sells Downtown Philadelphia Hotel
A new owner has emerged for the 757-key property, which will regain the Sheraton brand following a $28 million renovation as part of a new franchise agreement with Marriott International.
Cushman & Wakefield Brokers AZ Industrial Sale
Conor Commercial Real Estate and Globe Corp. sold AZ|60 Industrial for $27 million. The two-building property in Gilbert encompasses 225,600 square feet.
Banyan Street, EII Realty Form New Investment Manager
The freshly minted vehicle, Banyan Street Real Estate Funds LLC, will focus on value-add and opportunistic strategies under the guidance of two former Ell Realty executives.
CBRE Facilitates Sale of CA Shopping Center
A Nevada-based investor purchased the 195,000-square-foot retail asset in northwestern San Diego County. CBRE’s National Retail Partners-West team represented both parties.
Kirkland Urban in WA Welcomes Retail Tenants
Home Street Bank, AT&T, Top Golf and QFC are among the first tenants of the mixed-use project in Kirkland, leasing more than 120,000 square feet.
Petrus Partners Sells NC Office Park
CBRE provided assistance in the $23.2 million disposition of the four-building CentrePort Office Park in Greensboro. The asset previously traded in 2006.
San Jose R&D Property Lands $46M Bridge Loan
Working on behalf of Vertical Ventures, NorthMarq’s San Francisco office secured the financing for Hellyer Oaks, a two-building asset totaling nearly 350,000 square feet.
EDGE Hires New Property Management Director
Christina Martin joins the Washington, D.C.-focused firm’s team, building on more than 15 years of asset management experience with Investment Properties.