Regions
Cole Grabs 11 PetSmart Properties for $74M
After purchasing the PetSmart headquarters in Phoenix last week for $102 million, Cole Real Estate has added 11 PetSmart store properties to its portfolio for a purchase price of $74 million.
Napa Valley Marriott Sells for $72M
Inland American Lodging Group has acquired the Napa Valley Marriott Hotel, a 275-room upscale resort in the heart of California’s wine country, for $72 million, or approximately $261,000 per key.
Weeks Robinson Grabs 600 KSF Suburban Baltimore Warehouse, Land for $19.1M
Weeks Robinson continues to capitalize on the distressed real estate marketplace with the acquisition of Trade Center 95, an industrial asset consisting of a vacant 600,000-square-foot warehouse and 32 acres of developable land, for $19.1 million.
HFF Orchestrates $44M for MF Projects in Raleigh, NYC Suburbs
The lending community’s interest in financing development projects is evident, and HFF has just orchestrated $44 million in financing for multi-family projects in Raleigh, N.C., and the suburbs of New York City.
Hertz Gets $42M Loan in Downtown Cincinnati
Hertz Investment Group took a $42 million loan on The Center at 600 Vine, a 625,765-square-foot, Class A office building in Cincinnati, from U.S. Bank.
Chesapeake Lodging to Buy 613-Room Denver Marriott for $119M
Chesapeake Lodging Trust’s shopping fever continues as the REIT enters into an agreement to acquire the Denver Marriott City Center, the 613-room upper-upscale hotel in the mixed-use City Center tower in downtown Denver.
East Coast Braces for a Hurricane Hit
The week started with an earthquake and it’s ending with a hurricane, as Irene nears the East Coast in what could potentially be the strongest storm in the last two decades.
Times Square Property Moves for $136M
If there’s one constant in Manhattan real estate, it’s that there’s always a deal going on. This week, it’s the news that 1552 Broadway in Times Square has changed hands for $136.6 million.
Clarion Partners Purchases $118M, 2.8 MSF Industrial Portfolio from ProLogis
Clarion Partners acquired 13 Class A industrial properties from ProLogis for $118 million, focused mostly on Midwest distribution centers.
$78M in Refis for Beech Street Capital Across Three Deals
It’s been busy over at Beech Street Capital. In the last few days, the multi-family lender has closed three financing deals that total a combined price of $78 million.