News

HFF arranged a $59.8 million joint venture equity partnership with FRP Development Corp. and also secured $132 million through a national bank.

Prologis has held talks with GLP about acquiring the division, which could fetch more than $20 billion, sources say.

The new fund Driftwood QOF has already secured two opportunity zone investments—a joint venture for the development of a 218-key dual branded hotel Home 2/Tru by Hilton in Fort Lauderdale, and the redevelopment of a 10-story office building in Wilmington, DE into a 136-room IHG-branded urban hotel.

The brokerage firm in its first quarter 2019 market snapshot report notes that availability and vacancy are near all-time lows and rental rates continue to increase at a 3.5%-4% annual rate.

The firm, which is comprised of three hospitals— Edward Hospital, Elmhurst Hospital and Linden Oaks Behavioral Health, will relocate to 4201 Winfield Road in November.

The facility at 433 Murray Hill Parkway will help fulfill the increase in demand from existing customers and provide global connectivity from the strategic location close to New York City.