News
A10 Capital Secures $33M for San Diego Office Tower
The company is refinancing a short-term loan that funded Gemini Rosemont’s 2016 acquisition of the only office tower in San Diego’s Little Italy area.
Lincoln Property Co. Nabs LA-Area Office Tower
The firm and its partner Long Wharf Capital acquired the 101,526-square-foot office tower and plans to renovate and reposition the asset.
Ovitas Acquires Office Asset in Burlington
The two-story facility will be renovated before the new owner moves in. The property is located less than one mile away from Route 128 and the Burlington Mall.
Quantum Capital Secures $34M Financing for DTLA Outpatient Facility
The firm acted on behalf of Robhana Group, which purchased the site in 2012. Developer Inception Property Group broke ground on the 60,000-square-foot medical office building in February.
Midwest Steel Moves Operations to Rogers
The company will relocate its operations from New Hope to a new facility in Rogers, Minn. The Minnesota Department of Employment and Economic Development will support the project.
Care Capital to Acquire $400M Hospital Portfolio
The behavioral health hospitals located in California, Arizona and Illinois will be leased to affiliates of Signature Healthcare Services on a ten-year triple-net basis, upon completion of the transaction.
Retail Center in Philadelphia Sells for $52M
Bakers Center, a grocery-anchored shopping center, is located on a 27-acre lot in an area poised for growth. The asset is anchored by ShopRite, Ross Dress for Less and Planet Fitness.
Business Property Trust Sells 3 Self-Storage Facilities in Arizona
The facilities, totaling 1,111 units, traded for the combined purchase price of $8.6 million. All assets are well located within the Tempe Town Lake/Rio Salado district.
Economy Watch Weekly: March’s Modest Job Growth
With the U.S. economy adding just 98,000 jobs in March and the unemployment rate declining to 4.5 percent, signs of tightening labor market seem apparent. But which sectors are facing the most challenges?
Avison Young Brokers $8M Sale of Monterey Boutique Hotel
Local private investor rises to the occasion to nab a 52-key property in an area with a moratorium on new hotel construction.