Bank of America
San Diego Building Goes From Vaults to Vets
Voit Real Estate Services leased a former bank vault facility to the Veterans Administration, which will operate it as an outpatient clinic once renovations and a major addition are completed.
Markel | Eagle Sells Richmond Office Asset for $56M
The company invested $19 million to renovate the 355,449-square-foot office building. Upgrades included the addition of a 250,000-square-foot parking garage and a new fitness center, among other amenities.
Lease Term Key for Net-Leased, Bank-Occupied Assets
Such properties, if well-located and occupied by a credit tenant, remain attractive to investors even at this point of the cycle, Avison Young reports.
MCR, BLT Close $648M Hotel Portfolio Financing
A Bank of America-led consortium provided the funding, which is secured by a 53-property, 5,958-key collection of lodging properties operating under the Marriott and Hilton brands.
Bixby Land Co. Sells San Diego Creative Office Park
The property known as The Oberlin traded for $20.4 million and encompasses more than 62,000 square feet in the city’s Sorrento Mesa submarket.
Griffin-American REIT Buys $24M MOB in Seattle
Virginia Mason Health System and Swedish Health Services are among the tenants of the 1991-built property. The buyer financed the acquisition using cash on hand and borrowings.
Apartment Income Investors Trades Inland Retail Asset
A private investor paid $24 million for the roughly 100,000-square-foot Thomas Winery Plaza in the Inland Empire in an all-cash transaction.
Griffin-American Snags CO MOB for $32M
Grand Junction Medical Office Building comprises 83,000 square feet and is fully leased to the Colorado West Healthcare System and its subsidiaries.
Charlotte Office Park Scores $119M Refi
Constructed between 2001 and 2008, the six Class A buildings are 95 percent occupied, with a tenant roster including Selective Insurance, Crown Castle, Heartland Payment Systems and TIAA-CREF.
Ground Breaks on 1.4 MSF Chicago Office Tower
Howard Hughes Corp. and Riverside Investment & Development Co. have already signed Bank of America to a 500,000-square-foot lease at 110 North Wacker, scheduled for delivery in the fourth quarter of 2020.