News
Ocean Bank Provides $60M Loan for Miami Retail Center
Borrower Kendall Village Associates, an entity of Berkowitz Development Group, will utilize the proceeds to refinance the 256,000-square-foot Kendall Village Center mixed-use shopping destination.
Hines JV Buys Hamburg Office Campus
The sellers of the 500,000-square-foot property will maintain responsibility for finishing development. The 11-story building is set to house Olympus’ main EMEA base.
Cushman & Wakefield to Market DFW Data Center
The facility received a complete upgrade following its acquisition by Ascent. The company added reinforced concrete and blast doors, making the data center capable of withstanding EF5 tornadoes.
Apartment Income Investors Trades Inland Retail Asset
A private investor paid $24 million for the roughly 100,000-square-foot Thomas Winery Plaza in the Inland Empire in an all-cash transaction.
Tempe Office Building Changes Hands
JLL represented the seller, Hannay Realty Advisors, in its disposition of Warner Courtyards. The former owner will continue to manage the asset.
Warfield Cos. Buys, Rebrands Historic Complex
The property comprises 12 buildings, three of which have been renovated and leased. The new owner will add a strong residential component and rename the complex Warfield at Historic Sykesville.
Crown Realty Buys $32M OR Office Property
Sunset Corporate Park III in Hillsboro comprises more than 100,000 square feet and is 100 percent leased to Wells Fargo. NKF arranged the deal on behalf of the seller.
VICI Properties Shells Out $508M for Las Vegas Hotel
The deal for the 668-room Octavius Tower is also tied to the forthcoming sale-leaseback of Caesars Entertainment’s Harrah’s Philadelphia casino.
Sealy Acquires 478 KSF Industrial Asset in Ohio
The commercial real estate investment and operating company snapped up Centerpoint #6, a bulk warehouse facility in the suburban Columbus city of Obetz.
Transwestern Completes Full-Building Phoenix Lease
Desert Canyon 300, a three-story, 150,000-square-foot Class A property, will serve as the tenant’s new information technology corporate office.