News
White Oak Healthcare Buys $700M Loan Portfolio
Capital One Healthcare and its participant banks sold the group of skilled nursing and senior housing loans to the company.
Thor Equities Inks New Manhattan Retail Lease
The firm added Smile Direct Club to the tenant roster of a mixed-use asset in Harlem, alongside Insomnia Cookies, Fuel Juice Bar and Harlem Wine and Spirits.
The Mele Group Brokers Sale of PA Storage
Marcus & Millichap’s Tampa-based brokerage team arranged the sale of the 598-unit facility located in Harrisburg, Pa. The team represented both the seller and the buyer in the deal.
Meridian Closes 5th MOB Acquisition in California
The company will invest $3.6 million in upgrades to the property, which was vacant at the start of negotiations. While the sale was in escrow, Newmark Knight Frank found a tenant for half the building.
Amazon Signs 1 MSF Lease in Alberta, Canada
The upcoming facility will span 58 acres within Border Business Park, an industrial area at the outskirts of the city, and will represent Amazon’s second distribution center in Alberta.
Hotel, Condo Project Breaks Ground in Austin
The development, slated for completion in the fall of 2019, will be equipped with a cistern rainwater system that will collect more than 40,000 gallons of rainwater for irrigation purposes on the site.
JV Sells Office Asset Near Tampa for $40M
The St. Petersburg, Fla., property commanded twice the price paid by Convergent Capital Partners and Denholtz Associates only two years ago.
JV Sells $72M Long Island City Industrial Building
Less than two years after buying the asset, the joint venture between Metropolitan Realty Associates and TH Real Estate sold the property for a tidy profit.
AD1 Global Acquires $93M Hotel Portfolio
Seller Lingerfelt Commonwealth Partners spent $8.5 million on renovating the properties during its three-year ownership. The five assets are located in Orlando, Atlanta and Charlotte. N.C.
Sterling Bay Enters Miami With Creative Office Project
The Chicago-based company and its partners acquired a site in the Wynwood neighborhood for roughly $19 million and plan to begin construction of a 10-story, Class A project.