Regions
KBS REIT Trades MA Office Facility
Jumbo Capital Management and Boston Andes Capital are the new owners of Rivertech Park, a two-building property located in Billerica, Mass.
HFF Closes $29M Portland Office Sale
The Class A office building comprises 109,725 square feet, of which 4,000 square feet are retail space. Sixth at Yamhill first traded in 2014, when JB Matteson sold the asset for $21.1 million.
Goldman Sachs Scores $67M Industrial Portfolio
The four-buildings located in the Baltimore-Washington Corridor mount up to 650,000 square feet. The transaction marks the second largest deal Cushman & Wakefield completed in the past week.
CBRE Pays $97M for Stamford Towers
SL Green and TH Real Estate sold the two buildings after completing a series of significant upgrades that involved building a new fitness center, basketball court and conference facility.
Hilton Expands NYC Footprint
The iconic ONE UN New York has relaunched as Millennium Hilton New York One UN Plaza, following a multimillion-dollar renovation. The hotel will be the seventh New York City property managed by Hilton Hotels & Resorts.
Economy Watch: CRE Lending up in 2Q, CMBS Gains Traction
Volume increased across all lending groups, with CMBS leading all other lenders in terms of market share, according to CBRE’s recent Lending Momentum Index.
Wyndham to Separate Hotel, Timeshare Businesses
Geoff Ballotti, the current CEO, will lead the hotel company, and Michael Brown, current CEO of the group’s Vacation Ownership division, will lead the timeshare operation.
Geolo Capital JV Scores $80M for Seattle Mid-Rise
PCCP provided the senior loan for the 12-story, mixed-use project that includes a 155-key Thompson Hotel and 93 apartment units.
Meet Blackstone’s New Leader of Infrastructure
A 25-year veteran of General Electric Power, Stephen Bolze will be partnering with portfolio company CEOs to drive value creation initiatives for the business.
$2B Times Square Project Lands New Partner
L&L Holding joined Maefield Development, Fortress Investment Group and the Nederlander Organization in the transformation of 1568 Broadway in Manhattan.