Regions
Hines JV to Develop 250 KSF Phoenix Office Asset
Offices at Chandler Viridian will be an addition to the 25-acre mixed-use Chandler Viridian master plan development. Construction is set to begin in the second half of 2017 and is slated for completion in late 2018.
CBRE Hires New SVP in NJ
Jonathan Meisel will bring more than 30 years of experience in commercial real estate to his new role. Prior to joining the firm, he held senior-level positions at both JLL and Cushman & Wakefield.
Fully Leased NJ Industrial Asset Nabs $15M Financing
Arranged by Cushman & Wakefield, the loan was used for Camber Real Estate Partners and Advance Realty’s acquisition of a distribution center in Paterson, N.J.
JW Marriott Chicago Lands $270M Natixis Refi
The 610-key luxury hotel, which opened seven years ago, is located in the former Continental & Commercial National Bank Building in the city’s downtown Loop.
CREG Grabs 259 Acres in MD for Large Industrial Spec
The company will partner with EverWest Real Estate Partners on phase one of construction, which will consist of a 500,000-square-foot speculative warehouse.
Trinity, Oaktree Form $3B Hotel JV
The partners will focus on high-quality, value-add hotels in a handful of markets around the world, including Hawaii, California, Mexico and Japan.
Economy Watch: U.S. Suburban Office Markets Rebounding
Walkable, transit-oriented and amenity-rich office spaces in suburban markets are becoming increasingly in-demand by tenants, according to Avison Young’s mid-year office report. Landlords are responding by retrofitting and updating their properties.
Bentall Kennedy Enters Portland MOB Market
The Class A asset includes space for medical offices, day surgery, on-site diagnostic imaging and laboratories, as well as 3,000 square feet of retail.
Keystone Secures $60M for OC Retail
One of Keystone’s correspondent insurance companies sourced the 15-year, fixed-rate loan for the 295,000-square-foot shopping center in Laguna Niguel, Calif.
Hanley Completes Target Shadow-Anchored Retail Sale
The 22,577-square-foot shopping center in Lake Elsinore, Calif., changed hand for $11.6 million. The asset has long-term tenants and was fully occupied at the time of the transaction.