Shopping Center REIT Launched, Already Owns 46 Grocery-Anchored Centers

Shopping Center REIT Launched, Already Owns 46 Grocery-Anchored Centers 10/9/17 —  A new shopping center REIT has been launched by Davidson Kempner Capital Management. ShopOne Centers REIT Inc. is a private real estate investment trust that will focus on purchasing, operating, and managing shopping centers with a grocery-anchored tenant. ShopOne already has a high-quality and […]

Apple Spaceship HQ Construction Cost at Least $1.15 Billion

Apple Spaceship HQ Construction Cost at Least $1.15 Billion Cupertino, CA | 10/5/17 — The new Apple Spaceship campus, as many are calling the new tech-giant campus in Cupertino, has cost Apple a pretty penny. No one outside of Apple knows the exact dollar amount that’s been spent, but permits show they’ve spent at least […]

Albertsons To Sell 71 Stores in $720M Sale Leaseback Deal

Albertsons To Sell 71 Stores in $720M Sale Leaseback Deal 10/3/17 — Albertsons Cos. LLC has entered into a new agreement where they will sell 71 of its owned locations to a Delaware limited liability company for over $720 million and then lease them back. According to a September 25th filing made with the SEC, Albertsons expects […]

21 Skilled Nursing Facilities Acquired by Large Healthcare REIT for $378 million

21 Skilled Nursing Facilities Acquired by Large Healthcare REIT for $378 million 9/28/17 — Sabra Health Care REIT has purchased 21 skilled nursing facilities in a sale leaseback deal for $378 million from an undisclosed west coast operator. The REIT plants to buy the operator’s three remaining facilities by the end of the year for $52 […]

CRE Industry Could Lose Favored Tax Code: Could This Affect You?

CRE Industry Could Lose Favored Tax Code: Could This Affect You? 9/25/17 —  The chief lobbying group for the commercial real estate industry is urging lawmakers to think hard when deciding on changing the tax code for commercial property and other corporate assets. Lobbyists caution that eliminating deduction on interest on debt and reducing the […]

Facebook Takes on San Francisco’s Largest Lease of 436K Office Space

Facebook Takes on San Francisco’s Largest Lease of 436K Office Space San Francisco, CA | 9/22/17 — In what some are calling San Francisco’s largest lease in three years, Facebook has leased all 436,000 SF of office space in a 70-story building across from the Transbay Transit Center. The 802-foot tall building is located loess […]

Singapore Office Tower to be Acquired for $1.55 Billion from BlackRock Inc

Singapore Office Tower to be Acquired for $1.55 Billion from BlackRock Inc Singapore | 9/21/17 — The world’s largest asset manager, BlackRock Inc, will sell it’s 46-story Singapore office tower, Asia Square Tower 2, for $1.55 billion to CapitaLand Commercial Trust (CCT). The deal will mark Singapore’s second-largest office building sale behind BlackRock’s sale of […]

Walgreens Wins Green Light to Buy 1,932 Rite Aid Stores for $4.38 Billion Cash

Walgreens Wins Green Light to Buy 1,932 Rite Aid Stores for $4.38 Billion Cash 9/20/17 — Walgreens just received FTC approval to acquire 1,932 Rite Aid stores and related assets for $4.38 billion in cash. The deal was revised from an earlier proposal in June that would have totaled $5.18 billion for 2,186 stores. The […]

Old AT&T Building Sells for $162 Million

Old AT&T Building Sells for $162 Million Pasadena, CA | 9/20/17 — Rockpoint Group just picked up the 300,000 SF AT&T building, that was once the regional headquarters of Pacific Bell, for $161.5 million, or roughly $538 per square foot. AT&T sold the building for $81 million to Saunders Property Co. in 2014, which is […]

AMC Completes $130 Million Sale Leaseback of 7 Theaters

AMC Completes $130 Million Sale Leaseback of 7 Theaters AMC Entertainment Holdings Inc. announced that they have completed seven sale leaseback transactions of their theaters. The $130 million transaction will net AMC about $128 million in cash after closing costs as well as a deferred gain on sale of about $80 million. AMC has been […]

Google Strikes Again: $319M Deal to Buy Sunnyvale Properties in the Works

Google Strikes Again: $319M Deal to Buy Sunnyvale Properties in the Works Sunnyvale, CA | 9/12/17 — Google is in the process of purchasing more Sunnyvale properties for a cool $319 million from NetApp. This latest purchase reaches past the $1 billion mark coming off the heels of their $800 million, 32 property purchase back in […]

Oakland’s Tribune Tower Getting $16+ Million in Upgrades

Oakland’s Tribune Tower Getting $16+ Million in Upgrades Oakland, CA | 9/6/17 — The iconic Tribune Tower will undergo heavy renovations, such as update elevators and systems, seismic upgrades, and a new lobby. The changes are expected to be complete by early 2018. The 90K square foot building was purchased in December 2016 by Harvest […]

Union Square Building Sells for Over $69 Million

Union Square Building Sells for Over $69 Million The San Francisco Area Becoming Very Popular to Investors San Francisco, CA | 9/5/17 — Federal Realty Investment Trust just sold a retail/office, seven-story, 105K SF building located in the heart of San Francisco’s Union Square for $69.3M to an undisclosed buyer. Federal Realty is on a […]

UK Lender Could Pocket £140-150 Million in HQ Sale Leaseback

UK Lender Could Pocket £140-150 Million in HQ Sale Leaseback London | 8/28/17 — UK lender Lloyds Banking Group is planning to sell its 120,000 square foot steel and glass City of London headquarters in a sale leaseback transaction. The deal would allow Lloyds to take advantage of the market that has had a rush […]

Ohio Retail Center Obtains $33 Million Bridge Loan

Ohio Retail Center Obtains $33 Million Bridge Loan Columbus, Ohio | 8/22/17 — The Graceland Retail Center owned by developer and owner/operator CASTRO in Columbus, Ohio has obtained a $33 million bridge loan from PGIM, Inc., formerly Prudential Investment Management. The two-year loan includes three one-year extension options. The 320,000 Graceland Retail Center’s anchor tenants include […]

Chinese Investors Paying Up Big-Time for London Skyline

Chinese Investors Paying Up Big-Time for London Skyline London | 8/22/17 — Since the Brexit vote last year, Chinese investors spent $5.1 billion in London’s commercial real estate market, which is more than tripled. With most of the investments coming from Hong Kong, investors spent about $5.1 billion in London in just the first six […]

SF State to Launch Commercial Real Estate Program

SF State to Launch Commercial Real Estate Program San Francisco | 8/22/17 — San Francisco State University is set to launch their CREATE Fellows commercial real estate program in September 2017. The Commercial Real Estate Alliance for Tomorrow’s Employees (CREATE) program is open to all College of Business students and led by the Building Owners […]

Walker & Dunlop Close $96 Million Industrial Portfolio Financing Deal

Walker & Dunlop Close $96 Million Industrial Portfolio Financing Deal Florida | 8/16/17 — Real estate financing company, Walker & Dunlop, just closed a $96 million loan for a 1.6 million SF industrial portfolio in Florida. The portfolio consists of 13 properties and each property has its own loan. Senior analyst with Walker & Dunlop […]

Irvine R&D Campus Obtains $339 Million for Sale Leaseback with Broadcom

Irvine R&D Campus Obtains $339 Million for Sale Leaseback with Broadcom Irvine, CA | 8/15/17 — A subsidiary of Five Point Holdings has obtained $339 million in financing for Five Point Gateway, through a partial sale leaseback transaction with the project’s developer Broadcom Corp. The four-building R&D campus is located at 15101, 15131, 15161 and 15191 […]

Large Ireland Hotel Group Sells, Leases Back Hotel La Tour for $38.5 Million

Birmingham, England | 8/15/17 — Dalata Hotel Group, Ireland’s largest hotel operator, has announced the sale and leaseback of the 174-room Hotel La Tour for £30 million (about $38.5 million U.S.) to real estate company Deka Immobilien. Dalata will operate the hotel on a 35-year term at an initial rent of £1.5 million per year (about $1.9 […]

Blackstone Wins Bid for $35.2 Billion of Real Estate, Loans, Management

8/11/17 — Blackstone Real Estate Partners Europe V is purchasing a large stake in the real estate portfolio of Madrid’s Banco Popular S.A. Blackstone submitted the best offer after a competitive bidding war. In order for the bid to be entertained by Banco Popular, the company needed to have a long track record in the […]

Healthcare Trust Inks $613 Million Purchase

Atlanta, GA | 8/10/17 — Healthcare Realty Trust has signed agreements to buy 15 medical office buildings in Atlanta for $613 million. To party fund the deal, they’ve launched a stock offering by marketing 7.25 million shares at $30.90 each. They’ve given their underwriters the option to increase that amount by close to 1.1 million shares. […]

Chicago Bank Sells 3 Office Buildings in $10+ Million Sale Leaseback

Chicago | 8/10/17 — Chicago-based BMO Harris Bank N.A. just sold three of its office buildings and leased them back from the new owner, Atlanta-based BMO 180 Brookfield WI Landlord LLC. The three sold locations: • 180 N. Executive Drive • 395 N. Executive Drive • 401 N. Executive Drive The building located at 180 N. Executive drive sold […]

AAC Holdings Sells, Leases Back Medical Facilities for $25 Million

Las Vegas, NV & Arlington, TX | 8/9/17 — AAC Holdings, Inc. is selling two standalone outpatient facilities and two sober living facilities in Las Vegas, NV and Arlington, TX. MedEquities Realty Trust, Inc. will be buying these buildings for $25 million in cash and will leaseback the facilities to AAC Holdings on a 15-year […]

Capital One Acquires D.C. Building for $50.2 Million

Washington D.C. | 8/7/17 —  Capital One has just acquired a 8,769 square foot building from Sagamore Development, the Baltimore-based development arm of Under Armour founder Kevin Plank, for $50.2 million. Coming in at $5,720 per square foot, the vacant retail building could be a record sale for commercial property in the D.C. area. Sagamore was rumored to […]

Coles to Sell $60 Million Worth of Shopping Centers

Australia | 8/3/17 — Coles Group Property Developments is planning to sell off many of their assets in preparation to also sell their Coles-anchored Westmead Shopping Centre and Bowral Coles supermarket. Both assets are leased back to Coles with long-term leases in place. The marketing agent feels that these assets “provide minimal risk to investors and […]

Major Newspaper Publisher Sells, Leases Back Printing Plant for $30.5 Million

Toronto | 8/2/17 — Canadian newsmedia company Postmedia Network Inc. is selling it’s west-end printing plant located in Toronto to commercial real estate developer RICE Group for a reported $30.5 million. Proceeds of the transaction will go towards repaying debt. Postmedia, which produces the Toronto Sun, Montreal Gazette, and the National Post, will lease back a […]

Leading Commercial RE Lender Closes $143 Million in Loans

7/31/17 — Leading commercial real estate lender, Money360, announced that they closed $143 million in loans in Q2, their best quarter so far. They’ve now closed on over $350 million in total loans and on track to close over $500 million by the end of 2017. They now close an average of $50 million in […]

Google Spends $820 Million: The Good, Bad, and the Ugly

Sunnyvale, CA | 7/27/17 — According to the Santa Clara County Clerk-Recorder, Tech giant Google has reportedly scooped up 32 properties in Sunnyvale, CA totaling about $820 million. This news comes soon after they won rights with the City of San Jose to buy 16 tracts of land near the convention center and SAP Center. […]

Sunnyvale’s ShoreTel to be Acquired for $430 Million

7/27/17 — Ottawa-based Mitel is buying Sunnyvale-based ShoreTel for $430 million. Upon word of this transaction, ShoreTel shares climbed 27% and Mitel’s went up 8%. Often competing in the past, ShoreTel and Mitel provide business telephones and other products for network communications. ShoreTel and Mitel worked independently in the past to overcome rivals Cisco Systems, […]

U.K. Tech Giant To Acquire Big San Jose Co. for $850 Million

San Jose | 7/25/17 — One of downtown San Jose’s biggest tech employers, Intaact Corp., has just agreed to be purchased by British enterprise software giant, The Sage Group plc, for $850 million. The software company of 450 employees, 250 of which are in San Jose, will be known as Sage Intaact after the deal […]

South Park by Windsor Now Fully Leased

Downtown Los Angeles, CA | 7/25/17 — South Park by Windsor in downtown Los Angeles is now fully leased, thanks to inking a 10-year lease totaling more than 12,500 SF with Loit Café, Aveda Lifestyle Salon, and Chipotle. Loit Café and Chipotle have already opened, and Aveda Lifestyle Salon and Spa will open in the […]

Trust Sells 3 Hotels for $130.5 M, Acquires Westin Philadelphia for $135 M

Philadelphia | 7/24/17 — The Hersha Hospitality Trust sold three of its Hyatt House extended stay hotels for $130.5 million, then acquired the Westin Philadelphia for $135 million. The three Hyatts did not have any debt and generated taxable gains of $67 million. The hotel locations are: Hyatt House in Pleasanton, CA – 128 keys […]

Sale Leasebacks Gain Momentum

Asia Pacific | 7/21/17 — More and more data center operators and owners in Asia Pacific are leasing structures as investing in the sector is growing faster in European and American markets. Sale leaseback transactions are becoming more popular as operators aim to fund expansions of their data centers and allow them to unlock equity […]

M&G Acquires Danish Industrial Portfolio in Sale Leaseback for €59.3 Million

7/20/17 — M&G Real Estate just entered into a €59.3 million sale leaseback transaction with a Danish technology and steel wholesaler. The acquired industrial portfolio covers more than 75,000 square meters of space at a 6.8% net yield. M&G also just acquired a €230 million office building in central Stockholm in January. Thorsten Slytå, director of asset […]

The 525-Acre DuPont Country Club is Up for Sale

Rockland, Delaware | 7/19/17 — DuPont Co. has decided to sell its 525 acre DuPont Country Club that’s been in operation for the past 97 years. The company has been contemplating this sale for some time now. DuPont shared that maintaining the property as a golf club and not developing the property as well as […]

Hawaii Based-Island Energy Selling 12 Convenience Stores

Kapolei, Hawaii | 7/18/17 — In an effort to monetize their real estate assets, Island Energy Services LLC is selling a portfolio of 12 convenience stores and plans to do a sale leaseback. Two stores are in Waipahu, one in Kailua, one in Pearl City, and eight in Honolulu. Energy Services LLC is the exclusive […]

Foreign Buyers Closed on $153 Billion U.S. Residential Properties

7/18/17 — Foreign purchases of U.S. residential real estate surged up 49% to a record $153 billion between April 2016 and March 2017.  According to an annual survey by the National Association of Realtors®, nearly all foreign sales were in Florida (22%), California (12%), and Texas (12%). Chinese buyers are in the lead for the […]

Blackstone Sells Total of 216,000 SF Buildings for $101.3 Million

Boulder, Colorado | 7/18/17 — Blackstone just sold three of it’s downtown buildings to institutional investors for $101.3 million. Located at 1900 15th Street, 1881 9th Street, and 1050 Walnut Street, the Class A buildings total about 216,802 square feet. The buildings have gone though more than $7 million in renovations over the last six […]

LagreeFit and Wine Merchant Head to San Francisco’s One Mission Bay

San Francisco | 7/18/17 —  LagreeFit and Wine Merchant have both signed leases in a 350-unit condo community in San Francisco’s One Mission Bay. The community now has 65% of its units under contract. LagreeFit, a membership-based fitness center, will occupy 1,700 square feet and Wine Merchant will occupy 3,600 square feet. Wine Merchant will […]

Former BBC Commercial HQ Acquired in 25-Year Sale Leaseback

London | 7/14/17 — Standard Life Investments has acquired the BBC’s former commercial headquarters in a sale leaseback transaction with Kier Property. Kier is currently in the process of refurbishing and extending the 34,000 square foot building to 42,000 square feet of office space, and will then move into the offices in January 2018. Located […]

Axtel Agrees to Sale Leaseback for $56 Million

7/12/17 — Mexican operator Axtel agrees to sell 142 of its telecommunications towers to MATC Digitial for $56 million. Per the agreement, Axtel will lease the towers from MATC Digital for 15 years. The transaction, expected to be complete by this year, will allow Axtel to improve its balance sheet.

Ernst & Young Building Sells for Over $80 Million

San Jose, CA | 7/12/17 — Located at 303 Almaden Blvd., the Class A 157,000 square foot, 11-story office building has been sold by FCP and Rockwood Capital to East Coast investors, AEW Capital Management. At $509 a square foot, this is believed to be a record price for downtown San Jose. This asset has […]

4 Aircraft with Kuwait Airways Entering into 12-Year Sale Leaseback

Kuwait | 7/5/17 — Following a recent partnership with ALAFCO, a Kuwait-based aircraft leasing company, four Kuwait Airways aircraft will now be financed as part of a ‘sale-lease-back’ agreement, each on 12-year leases. According to Kuwait Airways’ Chairman, Sami Fahad Al-Rushaid, the leasing arrangement underlines a strategic decision to ensure the short and long-term financial […]

Avgol Selling Factory in Barkan, Israel in ~$15 Million Sale Leaseback

Barkan, Israel | 7/2/17 — Fabrics company Avgol has reported that it signed an agreement for the sale of its 30,000 square meter factory in Barkan, Israel for NIS 52.5 million ($14,955,256 U.S.). The deal does not include the six production lines at the factory, which will remain under Avgol’s ownership. The sale includes a […]

FedEx Complex Sells for $33M in Costa Mesa, CA

Costa Mesa, CA | 7/2/17 — A 112,000 SF complex occupied by FedEx for almost 10 years in Costa Mesa, CA has been sold for $33.4 million to Santa Monica-based investment firm BLT Enterprises. Located at 1650 Sunflower Ave near the SoCo retail center and built in 1976, FedEx will remain in the building until 2028 […]

Warren Buffet to Enter New York Commercial Real Estate

New York | 6/28/17 — Warren Buffet, probably the biggest name in residential real estate, is entering commercial real estate in the New York. Warren Buffett’s Berkshire Hathaway empire is adding a commercial leasing branch to its HomeServices New York Properties office and is to be run by veteran broker Herb Hirsch.  It will be under […]

Jadi Imaging Sells Land for RM23 Million ($5.36 Million U.S.)

Kuala Lumpur | 6/26/17 — Malaysia-based toner manufacturer Jadi Imaging Holdings Bhd is selling its freehold land as well as a detached factory-cum-three-storey office in Shah Alam for RM23 Million ($5.36 Million U.S.). There is already a sale and purchase agreement (SPA) entered with Tropical Fairyland Sdn Bhd and will be satisfied entirely with cash. […]

JLL Purchases 18,313 SF Rehab Facility in 15-Year Term Sale Leaseback

Dripping Springs, Texas | 6/23/17 — JLL has completed the sale and leaseback of a 10.6 acre post-acute care rehabilitation facility located at 3035 W. Highway 290. Arizona-based STORE Capital purchased the five-building property from Mentis Neuro Health. Built in 1982, the property includes two main resident buildings with 32 private beds, a therapy building, […]

“The Ship Inn” Purchased in $2.32 Million Sale Leaseback

Brusselton, Australia | 6/23/17 — Charter Hall has purchased “The Ship Inn” for $2.32 million as part of a sale leaseback deal with ALH Group, Australia’s biggest pub owner. This deal includes two hotels in Queensland, Australia as well as The Ship Inn pub. ALH group will sign 15-year leases for the pubs once the […]

Commercial Real Estate Lending Growth Remains Strong In Spite of Fed Rate Increases

6/9/17 — The Fed’s ongoing interest rate hike process has had a negative impact on the rate of loan growth across U.S. banks over recent months, with fewer individuals and enterprises adding fresh debt at the higher interest rates. While this trend is most visible for the commercial and industrial loan category, commercial real estate lending […]

Restaurants Monetize $200 Million in Sale Leaseback Deal

12/21/15 — Bob Evans Farms Inc. is selling 145 of its company-owned restaurants to Mesirow Realty Sale-Leaseback Inc. in a $200 million sale leaseback deal. Prior to this deal, Bob Evans owned the land of 460 out of its 544 restaurants. Bob Evans will receive 20-year leases on the properties with up to an additional 25 years […]

Valemax To Sell and Leaseback Carriers for $1.1 Billion

London | 12/4/15 — Brazil’s Vale SA announced that it plans to sell its 11 remaining Valemax iron ore carriers and lease them back in transactions that have the potential to raise over $1 billion. Vale has been selling its 35-vessel fleet for about $110 million each. Each ship is more than 1181-ft-long and can carry […]

Sprint Signs $1.2 Billion Deal for Sale Leaseback

11/20/2015 —  Sprint Corp has signed a $1.2 billion deal with Mobile Leasing Solutions LLC for the sale and leaseback of certain leased devices. Spring expects to net about $1.1 billion in cash once the deal closes in December. Sprint released a statement saying, that the deal “will immediately improve the company’s liquidity position and […]

Darden Sells HQ for $133M in Sale Leaseback

Orlando, Florida | 10/28/15 — Darden Restaurants sells its 9.5 acre, 1.5 million square foot, 6-year old corporate headquarter to Orlando Garden Property for $133 million. Darden plans to remain the property along with 1,000 employees and signed a 20-year lease with an option to extend another 30 years. Company spokesman Rich Jeffers says “It’s […]

$129 Million Raised in Sale Leaseback Transaction

10/21/15 — Kansas City-based DST Systems Inc. has sold and leased back three production facilities in the U.S., and one in Canada in a $129 million deal before taxes and transaction costs. The production facilities are part of customer communications business that provides solutions for analytics, consulting, campaign design, execution, fulfillment and direct mail services. […]

Life Time Fitness Sale Leaseback for $900 Million

Chanhassen, Minnestoa | 6/22/15 — Life Time Fitness has sold 29 of its 115 fitness centers for $900 million and obtained long-term leases from the new owners. The sale totals 1.3 million square feet of space in major markets across the U.S. Eighteen of the 29 buildings were sold to two undisclosed buyers for $38.7 […]

Statoil Enters $321M Leaseback Deal For Headquarters

Stavanger, Norway | 6/9/2015 — Energy company Statoil ASA announces its plan to sell its headquarters in Stavanger, Norway to real estate investment management firm Colony Capital Inc. for $321.4 million (2.5 billion Norwegian Kroner). Statoil ASA has also signed a 15-year lease to continue occupying the property. Built in 1979, the building includes 100,000 […]

$300 Million Sale-Leaseback

Houston, TX | 6/4/15 — Paragon Offshore announced today that certain subsidiaries, that are part of the acquisition of Prospector Offshore Drilling, have entered into a combined $300 million sale-leaseback with subsidiaries of SinoEnergy, a private investment firm registered in the British Virgin Islands. After fees and expenses, Prospector Offshore Drilling is expected to net about $292 […]

$400 Million Sale Leaseback Between TravelCenters of America and Hospitality Properties Trust

6/2/15 —  TravelCenters of America LLC (NYSE: TA) has signed sale leaseback agreements with Hospitality Properties Trust (NYSE: HPT) for 30 travel centers totaling almost $400 million. Under the agreements, TravelCenters of America will buy from five travel centers from Hospitality Properties Trust now leased by TravelCenters and subleased to their franchisees for about $45 million. […]

REITs Getting into $350 Million Hospital Property Market

4/8/2015 — Ventas, Inc. is staking a claim in hospital properties by acquiring Nashville-based Ardent Health Services, one of the nation’s largest hospital chains, for $1.75 billion.Ventas is a $35 billion company that has been hinting at entering the hospital market for some time now.  Ventas also plans on spinning off its lower-margin skilled nursing […]

iHeart Media Sells Radio Towers in $369 Sale Leaseback

4/8/15 — One of the leading global media and entertainment companies, iHeartMedia Inc., has closed on the sale and leaseback of a portfolio of radio towers to Vertical Bridge for $369 million before fees and adjustments. No impact or interruption to broadcasting will occur. iHeartMedia warned investors that they should expect incremental lease expenses as […]

Ventas Places $1.75 Million Bid on Ardent Medical Services

4/6/2015 — Chicago-based real estate investment trust Ventas has placed a $1.75 million cash bid for Ardent Medical Services. The transaction marks Ventas’ entry into the $1 trillion hospital market. For Ardent, the purchase will provide cash to acquire more hospitals and enter new markets. Ventas plans to separate Ardent’s hospital operations to a new […]

Verizon to Sell $15.6 Million Worth of Towers and Operations

San Francisco | 2/5/15 — Verizon Communications announces its plan to sell wireline assets to Frontier Communications for $10.54 billion in cash, then sell and lease back cell phone towers for almost $5 billion to American Tower. This deal will help pay off recent wireless spectrum purchases and raise capital to invest in upgrading its […]

AT&T to Sell $2 Billion Worth of Data Center Assets in Sale Leaseback

2/3/15 — AT&T plans to sell almost $2 billion worth of data center assets in an effort to pay down debt. The company may be facing rising debt due to a pending acquisition as well as a $18.2 billion purchase at auction last week. AT&T made two similar deals in 2013 when it sold a […]

Red Lobster in a $2.1 Billion Sale Leaseback Deal

5/16/2014 — After much protest from investors, Darden Restaurants has agreed to sell its 46-year old Red Lobster brand, which is the root of the company’s dining empire. Darden currently owns over 680 outlets in the U.S. and Canada and will sell to Golden Gate Capital for $2.1 billion in cash. Golden State Capital also […]

AT&T To Sell Tower Rights for $4.85 Billion

10/20/2013 — Crown Castle International Corp announced that it has agreed to buy the rights to about 9,700 AT&T wireless communications towers for $4.85 billion in cash, equity, debt financing, and borrowings under it’s credit facility. Crown Castle, a wireless infrastructure provider, will acquire about 600 towers and have the exclusive rights to lease and […]

Omega Healthcare Enters into $525 Million Sale Leaseback

9/8/2013 — Real estate investment trust, Omega Heathcare Investments Inc., announced its plan to enter into a $525 million sale leaseback with Ark Holding, a skilled nursing platform established in 2007. The transaction would allow Omega to acquire 56 healthcare facilities operated by Ark Holding and then lease back to Ark on a 50-year lease. […]

$15 Million Sale Leaseback of Toyota Auto Dealership

Lewisville, Texas | 8/28/13 — A Toyota automotive dealership facility in Lewisville, Texas has been acquired for approximately $15 million by CPA®:17 – Global, a publicly held non-traded REIT affiliate of W.P. Carey Inc which is a provider of corporate sale leaseback financing. The facility will be leased back to RML Automotive for a 16-year term triple-net basis. The sale leaseback transaction […]

$811 Million Nextel Tower Sale and Leaseback

Brazil & Mexico | 8/9/2013 — NII Holdings, a provider of mobile communication services operating under the Nextel brand in Latin America, has announced that Nextel Brazil and Nextel Mexico have agreed upon a sale and leaseback of 2,790 towers in Brazil and 1,666 towers in Mexico to American Tower Corporation. Nextel Brazil and Nextel […]

Molina Healthcare $158M Sale Leaseback

Long Beach, CA | 6/17/13 — Molina Healthcare Inc. has successfully completed a $158 million sale leaseback transaction with Angelo, Gordon & Co (AG)., a net lease group. Under the terms of this transaction, Molina Healthcare has sold its principal executive offices in Long Beach, CA, as well as an office building in Columbus, Ohio. Per […]

Sony to Sell Manhattan HQ in $1B Sale Leaseback

Manhattan, New York | 1/21/2013 — Sony Corporation of America has settled on a buyer for its 37-story, 850,000 square foot Manhattan headquarters located at 550 Madison Avenue. With approximately 22 bidders, including national/international real estate owners and developers, the winner was The Chetrit Group acting as 550 Madison Fifth L.L.C. Sony has occupied this […]

Clorox Sells Oakland HQ in $110 Million Sale Leaseback

Oakland, CA | 1/17/13 — Well-known household cleanser company, Clorox, has sold its headquarters in Oakland, CA for an estimated $100 million to Westcore Properties. Located at 1221 Broadway, Clorox will remain in the 520,000 square foot, 24-story downtown high-rise as part of the sale leaseback deal. They agreed to lease 300,000 square feet as […]

Nation’s Largest REIT to Purchase HCR ManorCare Assets in $6.1 Billion Sale Leaseback

12/14/2010 — The nation’s largest healthcare REIT, HCP Inc., announces that it will purchase all real estate assets from HCR Manor for $6.1 billion, including $3.53 million in cash. In addition to the cash, $1.72 billion will be reinvested to payoff HCP’s existing investments in HCR ManorCare’s debt, as well as $852 million in HCP […]

Adidas Wanting to do Sale Leaseback of Portland HQ

Portland, Oregon | 10/29/2010 — Adidas America wants to sell its 11-acre headquarters in North Portland, Oregon and then lease back the property long-term.This plan will raise money to help with company operations. Adidas employs about 850 people at this location. “Adidas remains committed to continuing our strong local presence in Portland,” company spokeswoman Lauren […]

Santa Rosa State Building Part of $2.33 Billion Sale Leaseback

Santa Rosa, CA | 10/11/2010 — The Judge Joseph A. Rattigan Building in Santa Rosa is one of the 11 state offices sold for $2.33 billion to a group of real estate investors in exchange for a 20-year lease. The four-story, 92,400 square foot building built in 1983 was the smallest of the properties included […]

Famous London Department Store Harrods Sold for £1.5 Billion

London | 5/8/2010 — Famous London Department store Harrods has been sold by Egyptian tycoon, Mohamed al Fayed, to Gulf-based investment group Qatar Holding, owned by the Qatari royal family. The world famous store is over seven floors and sees more than 15 million customers pass through its doors each year. Fayed purchased the store […]

HSBC Tower Closes $350 Million Sale Leaseback Deal

New York City | 4/15/2010 — The $350 million sale-leaseback of the HSBC tower at 452 Fifth Avenue between 39th and 40th streets has been completed. The purchase was made by a special purpose vehicle known as 452 Fifth Owners LLC. Financing was provided by Bank Leumi USA for $210 million. 452 Fifth Owners LLC, […]