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IRVINE, CA—As the recovery enters its 82nd month, investors are being more selective in the opportunities they chase, and uncertainty over the impending presidential election is causing tenants to pause before making leasing decisions, NGKF experts tell GlobeSt.com <b>EXCLUSIVELY</b>.
SAN FRANCISCO—Grosvenor acquired 185 Post in 2005, and renovated both the interior and exterior of the structure, including new building systems, a seismic upgrade and a new glass façade that preserves the original brick exterior.
HARRISBURG, PA—Self Storage Capital Partners has acquired a five-property, Storage Depot-branded, self-storage portfolio from PFG Capital for $35 million. HFF brokered the sale and arranged acquisition financing.
NEW YORK CITY—New York City-based financial services and investment firm TIAA acquired the seven buildings on Summer, Congress and Farnsworth streets in an all cash transaction.
HOLMDEL TOWNSHIP, NJ—Colliers International is handling exclusive retail leasing for Bell Works, Somerset Development's two million-square-foot mixed-use redevelopment project in the heart of Monmouth County.
NEW ALBANY, OH—The restaurant chain and food manufacturer traded 143 locations in sale-leasebacks that closed this week. But like MGM Resorts, it had considered spinning the properties off into a REIT.
BRIDGEWATER, NJ—The law firm of Norris McLaughlin & Marcus has signed a 61,642-square-foot, 13-year office lease at Piedmont Office Realty Trust's 400 Crossing Boulevard in Bridgewater.
HOUSTON—The non-recourse nature of the loan, combined with an attractive fixed rate, creative structure and earn-out potential met all the borrower's demands on this acquisition financing.