Regions
HTA Grabs Multi-State MOB Portfolio for $150M
Already the largest owner and operator of medical office buildings in the U.S., Healthcare Trust added 592,000 square feet of space in Arizona and Southern California.
Newark Lands First Spec Office in 30 Years
Development of Ironside Newark is expected to last about 18 months, with opening targeted for fall 2018. Perkins Eastman is the architect, and Hollister Construction the construction manager.
Morrison Raises $200M for Mezzanine Debt
The fund provides small-balance mezzanine capital, with investment balances typically ranging from $2 million to $10 million, to CRE market participants across diverse property types in the top 100 MSAs nationwide.
New York Office Asset Changes Hands in $25M Deal
One Lincoln Center underwent a $10 million renovation in 2016 and was 86 percent leased at the time of the transaction. The 17-story asset was built in 1970 and is the tallest building in Syracuse.
Arup Announces New Director of Its Chicago Office
Cierine Nicolas, who joined Arup as associate principal last year in November, completed the transition to the role of director and is expected to lead the company’s team of engineers on a variety of projects.
Suburban DC Office Building Sells for $4M
Transwestern handled the sale of a 27,500-square-foot office/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.
C&W Welcomes First Tenant to Portland Industrial Center
The company preleased more than 60 percent of Big Eddy Commerce Center, an industrial building currently under construction. The project is slated to open by the end of this year.
Danish Manufacturer Doubles KY Footprint
Linak, a company that produces linear actuators for hospital beds, office desks, farm equipment and other uses, broke ground on a $33 million expansion in Louisville, Ky. The investment will create 413 new jobs.
Escondido Retail Center Changes Hands for $25M
Faris Lee Investments has arranged the sale of Gateway Center, an 89,625-square-foot property that was 95 percent leased at the time of the transaction.
SL Green Lands New Tenant at Midtown Manhattan Landmark
First American Title Co. will take over the entire 10th floor of the former Bowery Savings Bank building, leaving behind its offices at 44 Wall St.