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CPE’s Top 5 April Posts
Miss out on any CPE stories? Here are five of our most popular articles for the month.
Prologis to Acquire DCT Industrial Trust for $8.4B
The transaction reportedly will strengthen Prologis’ presence in core, high-growth U.S. warehouse/distribution markets and generate significant synergies and cost savings.
Clarius Trades Phoenix Industrial Property
The two-building asset opened in 2017 and contains nearly 200,000 square feet. The structures are 71 percent leased to four tenants.
New Orbital ATK HQ Breaks Ground in Arizona
Willmeng Construction is building the 617,000-square-foot office project in Chandler, working on behalf of developer Douglas Allred Co. The campus will host the launch vehicles division for the aerospace giant.
Rebranded Hilton Resort Opens in Santa Barbara
The newly renovated beachfront property located within walking distance of downtown is the brand’s first such location on California’s central coast.
Brick and Timber Acquires San Francisco Office Property
NKF Capital Markets arranged financing through PCCP on behalf of the buyer, and represented the seller, Triton International.
Noble Investment, IHG Open Dual-Branded Seattle Hotel
The EVEN Hotel and Staybridge Suites Seattle—Downtown/South Lake Union offers a total of 235 guestrooms, a fitness center, meeting space and dining services.
CBRE Buys Portland Office
NKF Capital Markets’ team has arranged the sale of Towne Storage, a historic warehouse building in Oregon. The office building is fully leased to Autodesk Inc.
$125M San Diego-Area MOB Changes Hands
Preston Hollow Capital was the sole investor in the financing, which will be used for both improvements and refinancing purposes.
RAF Pacifica Nabs First Tenant at San Diego Mixed-Use Project
Located in the master-planned community of Bressi Ranch, Calif., lift will consist of two Class A loft-style buildings totaling 53,106 square feet.