Capital improvement
21st-Century Makeover Eyed for 1920s Manhattan Tower
A partnership of Tribeca Investment Group, PGIM Real Estate and Meadow Partners plans a $300 million upgrade for the Midtown South property.
Unico Finalizes $236M Seattle Office Buy
Seller Nuveen Real Estate had acquired the Class A asset in mid-2011 for nearly $120 million.
Tampa Industrial Park Sells for $16M
The asset contains nearly 185,000 square feet across six buildings. Colliers International represented the seller in the transaction.
Historic St. Louis Property Completes Redevelopment
The site includes a remodeled BMO Harris Bank and a newly built Walgreens store.
WeWork Inks 51 KSF Orange County Lease
The coworking giant plans to open the Newport Beach space at the beginning of 2020.
ACORE Capital Provides $182M Refi for DC’s Portals III
The owner of the mixed-use property will use the loan to refinance an existing loan, lease up available spaces and fund capital improvements.
Stanton Road Capital to Revamp Newly Acquired Orange County Asset
The new owner paid $209 per square foot for TriCentre, with Global Atlantic Financial Group providing the acquisition and development financing.
Starwood Capital Trades Nashville Hotel for $80M
Pacific Western Bank provided the buyer of the 296-key Embassy Suites with more than $60 million in acquisition financing.
Blackstone Sells Phoenix’s Largest Resort
Trinity Real Estate and Elliott Management have acquired JW Marriott Desert Ridge, a 396-acre luxury property.
Downtown Albuquerque Hotel Changes Hands
AWH Partners purchased the 295-key DoubleTree by Hilton from Concord Hospitality.