Globest Sectors

The firm buys a 371,937 square foot, class-A medical laboratory and creative office building in the Scottsdale Airpark submarket.

The investor has obtained entitlements through the City of Los Angeles' Transit Oriented Communities ordinance for a six-story, 119-unit apartment building.

Protea-Primewest acquired the 43,918 square-foot building that is 100% leased to two tenants.

Surrey on Main is a mixed-use residential project located at 10777 Main St. which will include 113,700 square feet of residential space and 1,500 square feet of ground-level retail when completed in summer 2021.

The purchase provides new owner Glenstar with a boutique hospitality-inspired repositioning opportunity wherein the firm has planned a multi-million dollar investment campaign that will transform the building.

Top brands are incorporating entertainment experiences to attract new customers and push the limits of traditional retail.

Due to the price point that the seller was targeting, the ability to get traditional financing was nearly impossible because of the lack of Day 1 cash flow.

Truist Financial has exercised its option to purchase the nearly 965,000 square-foot tower.