$94M Cancer Center Planned in Norfolk

Sentara Healthcare plans to commence a multi-year, $93.5-million construction project to build a cancer center on the campus of Sentara Leigh Hospital in Norfolk, VA. The new facility will bring together expert care teams from Sentara Medical Group, Eastern Virginia Medical School (EVMS), Virginia Oncology Associates, and other community physicians. The value of delivering outpatient oncology services in a centralized

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Greystar Grabs 273-Unit MF in Portland’s West End

Charleston, SC-based Greystar Real Estate Partners, LLC acquired the 273-unit Indigo at Twelve West in Portland, OR on behalf of its real estate funds. Developed by Gerding Edlen, the Class A property is located at 430 SW 13th Ave., and is one of the market’s premier multifamily mixed-use assets. Greystar said the deal represented a compelling

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MPT Completes Sale-Leaseback on KC-Area Hospitals

As part of a $1.75-billion wave of acquisitions, Medical Properties Trust has acquired seven Kansas City-area community hospitals from St. Luke’s Health System. The $145.4-million sale-leaseback extends Birmingham, AL-based MPT’s penetration into the not-for-profit sector. Located mainly within Johnson County, KS, the fastest-growing county in the Kansas City metro area, the seven hospitals have been

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129K-SF Sprouts Cold Storage Sells to CBRE Global Investors

A 128,929-square-foot cold-storage and distribution center occupied by Sprouts Farmers Market sold to a fund sponsored by CBRE Global Investors. Cooper Fratt SIOR and John Werstler SIOR with CBRE in Phoenix represented seller ONE Properties in the $17.4 million transaction. The facility at 5445 W. Missouri Ave. in Glendale, AZ, offers refrigeration and freezer space,

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Billionaire Buys 40 Acres in Santa Teresa

Paul Foster, chairman of Western Refining Inc. in El Paso, TX, has acquired close to 40 acres in an industrial zone of Santa Teresa, NM. The seller was Titan Development. The sales price was kept under wraps. Foster, with a rank of 1,476 on the annual Forbes List of Billionaires, has a net worth of

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Amazon-Leased Warehouse Acquired in South Florida

Dalfen Industrial acquired Golden Glades Fulfillment Center, located at 15600 NW 15th Ave., in Miami Gardens, FL for a reported $24 million from Bristol Group Inc. The 201,491-square-foot multi-tenant industrial building is located on roughly 10.23 acres in the North Central Miami-Dade submarket in the heart of South Florida. The 100%-occupied asset’s major tenants include

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$165M Perm Financing Secured for Downtown Denver’s Dairy Block Portfolio

A joint venture partnership between McWhinney, Grand American and Sage Hospitality secured $165 million in permanent financing for Dairy Block, Denver’s newest micro-district. The three project components include Dairy Block office space totaling six stories and 218,660 square feet of newly-built space, plus a 380-space subterranean parking garage; an historic Firehouse Block containing 92,803 square

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CBRE Arranges $107M for Two Riverfront Buy

CBRE Capital Markets’ Debt & Structured Finance team arranged for $107.3 million in financing on behalf of Kuwait-based KFH Capital Investment Co. The funds were used to acquire the 337,543-square-foot Two Riverfront Plaza, in Newark, NJ, which is Panasonic Corp. of North America’s headquarters. The buyer paid $165 million to SJP Properties and Matrix Development

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