News
Plano, Texas Marriott Legacy Commands $104M
Ashford Hospitality Prime dispensed the 404-key hotel, completing a reverse 1031 exchange that the company initiated to acquire the Hotel Yountville in California earlier this year.
Colliers Closes $9M Office Sale in Boca Raton
Kevin McCarthy and Bastian Laggerbauer represented LNR Partners in the transaction. The special servicer retained Colliers to lease and manage the building following a foreclosure procedure earlier this year.
Chicago Office Park Changes Hands for $75M
HFF represented Principal Real Estate Investors in the sale of the five-building property in Lincolnshire, Ill., while Bradford Allen Investment Advisors handled the deal on behalf of the buyer.
Terreno Pays $8M for Miami Distribution Facility
The property, which is fully leased to one tenant on a short-term basis, is scheduled to undergo a series of improvements in 2018.
BB&T Grabs Raleigh Office Building in $34M Deal
In addition to Highwoods Tower One, Highwoods Properties has agreed to sell the adjacent Highwoods Tower Two. The second transaction is scheduled to close in the second quarter of 2018.
WBCS to Relocate to NW Dallas
The Women’s Business Council–Southwest signed a 4,242-square-foot lease at MacArthur Centre II in Irving, Texas. The independent business entity is scheduled to move to its new location this December.
CBRE Arranges Chicago Lease for Property Law Firm
Green Griffith & Borg-Breen relocated from 455 N. Cityfront Plaza Drive to one of the highest floors of an office tower on Michigan Avenue.
Transwestern Expands Property Management Portfolio
Griffin Capital selected Transwestern to manage four Las Vegas office buildings. The properties total a little more than 390,000 square feet combined.
Carter Validus Buys Two Data Centers for $34M
The company enlarged its data center portfolio with two assets, one in Tempe, Ariz. and another in King of Prussia, Pa. This year, the company invested over $1 billion in data center facilities.
Colocation Northwest Inks 7mW in Seattle Metro
Centeris’ SH1 facility is a LEED Gold certified building, offering over 40mW of total IT capacity. Colocation Northwest leased seven megawatts at the Puyallup, Wash. site.