JLL Capital Markets completed the $200-million sale of The Gas Company Tower, a 1.3-million-square-foot office tower at 555 W. Fifth St. in Downtown Los Angeles. Los Angeles County emerged as the buyer for the 53% occupied office tower, which JLL marketed…
Marcus & Millichap closed the $7.1-million sale of the Town Fair Tire Headquarters at 460 Coe Ave. in East Haven, CT. The portfolio included a 207,000-square-foot distribution center with 20,000 square feet of office space, and a 176-trailer position industrial…
Investcorp completed four student housing acquisitions totaling nearly 3,000 beds for a gross transaction cost of over $300 million. The acquisitions include two in Texas and one each in Oklahoma and Kentucky. The Texas properties are: · A 792-bed, 99%-occupied property…
Lincoln Property Co. is joining the Dawg Pound and partnering with the Cleveland Browns on a 176-acre mixed-use entertainment district to be anchored by a new enclosed stadium for the 80-year-old NFL franchise owned by Haslam Sports Group. The Dallas-based…
Cortland bought the former Gardens at East Cobb in Marietta, a 484-unit apartment community previously owned by NALS Apartment Homes. The company paid $95.75 million, that’s just under $200,000 a unit. The property has been renamed Cortland Woodlands. The Atlanta…
Amgen announced a $1 billion expansion to establish a second drug substance manufacturing facility in North Carolina. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment. The $1 billion facility will incorporate cutting-edge…
Berkadia has completed the sale of three senior living communities offering assisted living and memory care services in the Chicago and Milwaukee metropolitan areas. Berkadia Seniors Housing & Healthcare, led by Managing Directors Ross Sanders, Dave Fasano, Cody Tremper, and…
One of Center City’s most iconic distressed office buildings could undergo a residential conversion following foreclosure proceedings expected to wrap up early next year. TF Cornerstone plans to convert Center City’s historic Wanamaker Building into apartments following bankruptcy proceedings. New…
INDUS Realty Trust, Inc. acquired a majority interest in a 4.3 million square foot logistics portfolio comprising 21 buildings (the “Carolinas Portfolio”). This acquisition is part of a recapitalization of approximately one-third of Childress Klein’s (“CK”) 13.2 million square foot…
City National Bank provided a four-year, floating-rate loan of $46.8 million to fund the construction of The ONE at Millington, a new 360-unit, garden-style multifamily development located in Millington, Tennessee. One Real Estate Investment (OREI) is the sponsor. Berkadia’s Brad Williamson,…
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