News
Manhattan’s New Mondrian Hotel Gets Refi
An HFF team arranged the floating-rate loan with JPMorgan Chase Bank, N.A., on behalf of Moin Development Corp., sponsor of the 190-key luxury property. Proceeds were used to refinance the construction loan.
CBRE Brokers 167 KSF Minnesota Portfolio Deal
Red Tail Acquisitions purchased three single-story assets in Eden Prairie, Minn. The buildings offer office and warehouse space.
Dalfen America Acquires Columbus Asset
Alum Creek Business Center is a two-building industrial property totaling 303,000 square feet. Following the acquisition, Dalfen’s Columbus footprint expanded to approximately 1.1 million square feet of industrial space.
PCCP, Blue Steel Team on 1.4MSF Tampa Industrial Park
The partners formed a joint venture to acquire a 154-acre site in Lakeland, Fla., where they plan a phased buildout for their spec project, dubbed Key Logistics Center.
Carter Validus Sells $750M Data Center Portfolio
The portfolio comprises more than 2 million square feet of net leasable space. The data centers have an average occupancy of 97 percent, with Fortune Global 500 and NYSE/Nasdaq-listed tenants.
International Wheel and Tire Buys MI Asset
The 53,486-square-foot property is located in Farmington Hills, Mich., and features a 21,000-square-foot office component. Friedman Integrated Real Estate Solutions brokered the deal.
Economy Watch: Most State Economies Improved Over Last Three Months
The Federal Reserve Bank of Philadelphia’s latest coincident indexes point to strong economic conditions in most of the 50 states.
JV to Build $1.2B Angels Landing High-Rises
Three companies have teamed up to develop the mixed-use project planned for the 2.2-acre site on L.A.’s Bunker Hill. The towers are expected to be among the tallest in all of the western U.S.
Activity Abounds at Gaedeke’s Dallas Office Properties
One McKinney Plaza, 17Seventeen McKinney and Regency Plaza wrappped up the year with a burst of new leases, as the buildings’ owner makes renovation plans at two of the assets.
Caesars, VICI Close $1.1B Harrah’s Sale-Leaseback
The deal paves the way for Caesars to develop a new convention center and partially funds the firm’s previously announced acquisition of Centaur.