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August 23, 2016 - Chinese Firm Buys SF Office Tower for $255M

A subsidiary of HNA Ecological Technology Group Co., Ltd., a division of HNA Group of China, has acquired the 29-story office building at 123 Mission Street in San Francisco for $255 million in cash. The Class A office tower was sold by the U.S. subsidiary of Great Eagle Holdings, a Hong Kong real estate company […]

August 22, 2016 - Charlotte’s CLT Logistics Center Sold for $46M

Minneapolis-based Meritex, a private real estate investment and management company, announced its first acquisition in the Charlotte, NC real estate market with the purchase of the industrial CLT Logistics Center for $46.3 million. In a deal brokered by CBRE, the 11 building industrial complex was sold by Carlson Real Estate. Terms of the sale were […]

August 19, 2016 - Mesirow Buys Verizon’s Dallas HQ for $344M

Chicago-based Mesirow Financial announced this week that it has acquired the 1.15 million square foot regional headquarters for Verizon in Irving, Texas in a sale-leaseback deal worth $344 million, one of the largest real estate deals in North Texas this year. Mesirow Financial’s Sale-Leaseback Capital group in partnership with Kawa Capital financed the purchase in […]

August 18, 2016 - Akridge, Western Development Pick Up Former CG HQ at Buzzard Point

A consortium of real estate developers and investors, including Orr Partners, Redbrick LMD LLC, and Jefferson Apartment Group, led by Western Development Corporation and Akridge announced the acquisition of the former U.S. Coast Guard headquarters at Buzzard Point in DC for $49.3 million. The Akridge and Western Development team said it has plans to redevelop […]

August 17, 2016 - BKM Pays $45M for Tukwila Commerce Center

BKM Tukwila 117, an LLC associated with BKM Capital Partners of Irvine, California, has purchased a 30.3-acre industrial park in Tukwila, Washington for $45.2 million according to King County records. The 27 building industrial park, known as Tukwila Commerce Center, was acquired at a discount to replacement cost and peak pricing, according to Brian Malliet, […]

August 16, 2016 - Ameron Center Sold for $41M

Beverly Hills, CA-based Kennedy Wilson, a global real estate investment company, has sold the Ameron Center in Pasadena for $40.5 million, or $230 per square foot. The eight story office building was purchased by an entity connected to developer Patrick Chraghchian, president of American General Contractors (AGC), according to a report from The Real Deal. […]

August 15, 2016 - Hines & Cousins Ready to Break Ground on Victory Center in Dallas

In a partnership that was first revealed in 2014, Hines and Cousins Properties have teamed to develop a 23-story office tower in Dallas’ Victory Park project, and this week said they would be moving forward to break ground on the project. Hines and Cousins previously partnered on the development of One Ninety One Peachtree Tower […]

August 11, 2016 - Hana Pays $305M for NJ Office Campus

Hana Asset Management, a subsidiary of Hana Financial Group, one of the largest bank holding companies in South Korea, has purchased a Class A office project in Plainsboro, New Jersey for $305 million, making it the largest single-asset sale in New Jersey to date in 2016. The 762,000 square foot complex was sold by a […]

August 10, 2016 - Arborcrest Corporate Campus Sold for $143M

Columbia, Maryland-based Corporate Office Properties Trust (COPT) announced that it completed the sale of the Arborcrest Corporate Campus in Plymouth Meeting, Pennsylvania, for $143 million. The four-building office project was sold to San Francisco-based Spear Street Capital in a deal brokered by JLL. Terms of the deal were not disclosed, but Spear Street Capital said […]

August 9, 2016 - Nashville AmeriPlex Complex Sold for $26M

Jackson, Mississippi-based StateStreet Group has purchased the AmeriPlex warehouse and office development in Nashville for $26.3 million. The four-building complex was sold by owner-developer Holladay Properties, which opened the property in 2009 as the company’s first LEED industrial park. Terms of the deal were not disclosed; both companies were self-represented in the transaction. The deal […]

August 8, 2016 - Lincoln Property Sells Austin Centre for $130M

Pasadena, Texas-based Lincoln Property Company has sold Austin Centre, a premiere mixed-use project in Austin’s CBD, for $130 million. An affiliate of Sidra Capital, an investment bank headquartered in Jeddah, Saudi Arabia, secured a loan with JPMorgan for the acquisition, according to a Real Estate Capital Magazine article. Terms of the deal were not disclosed; […]

August 5, 2016 - Commerce Plaza Office Complex Sold for $125M

The Blackstone Group is selling Commerce Plaza, a three building, 515,005 square foot office complex in Oak Brook, Illinois, for $125 million to Chicago-based Zeller Realty. When completed, this will be the biggest suburban office deal of 2016 and the largest since Blackstone and Wells Fargo bought Deerfield’s Corporate 500 Centre from GE Capital Real […]

August 4, 2016 - HKMA Buys Stake in NYC Skyscraper for $1.2B

Real Summit Investment, an investment fund of the Hong Kong Monetary Authority’s Exchange Fund (HKMA), has purchased a 49% stake in 1095 Sixth Avenue from Ivanhoe Cambridge and Callahan Capital Partners for $1.15 billion. Ivanhoe Cambridge, the real estate investment arm of Quebec’s public pension plan, and Chicago-based fund manager Callahan, originally acquired the tower — also known as […]

August 3, 2016 - CNL Plaza Sold for $168M

Piedmont-CNL Towers Orlando Owner LLC, a subsidiary of Piedmont Office Realty Trust, has purchased CNL Plaza in downtown Orlando for $167.8 million. The Georgia-based real estate group purchased the two towers from CNL Plaza LLC, a partnership that includes CNL Chairman Jim Seneff Jr. Also referred to as the CNL Center, terms of the sale […]

August 2, 2016 - Hines Buys Goodyear Crossing II, Amazon Distribution Center

Hines Global REIT II, Inc. announced that it has entered into a contract to acquire Goodyear Crossing II, a 820,384 square foot industrial property in a Phoenix, AZ submarket, for $56.2 million. The property is being sold by RT Goodyear, LLC, which formed in 2009; it’s unclear when RT Goodyear took ownership of the property, […]

August 1, 2016 - TMG, Fortress Sell 3 California Office Buildings for $122M

San Francisco-based TMG Partners and New York-based Fortress Investment Group have sold its remaining properties at Champion Station in San Jose, California to an institutional real estate investor for $122 million,or about $435 per square foot, according to the deed on the sale of the property. Eastdil Secured represented both the sellers and the buyer, […]

July 29, 2016 - Stonelake Buys 3.1M SF Industrial Portfolio

Stonelake Opportunity Partners III LP, a fund managed by Dallas-based private equity firm Stonelake Capital Partners, has purchased 35 industrial buildings in Dallas, Houston and San Antonio, assembling a $200 million Texas industrial portfolio. Stonelake assembled the industrial portfolio through 11 separate deals over the last 18 months without an operating partner, according to a […]

July 28, 2016 - TriGate Sells Two TX Office Buildings

Dallas-based TriGate Capital has sold two office buildings in Addison, Texas to two separate investors in deals brokered by Colliers International‘s Dallas office. TriGate originally acquired the properties in 2009 as part of a three building portfolio from GE Capital, which gained ownership of the buildings after an investor that purchased the properties in 2006 […]

July 27, 2016 - RedSky Buys Esperanté for Record $126M

Brooklyn-based RedSky Capital, a real estate investment firm under the leadership of Benjamin Bernstein and Benjamin Stokes, has paid $125.75 million for the Esperanté Corporate Center in West Palm Beach, Florida. The office tower was sold by Cornerstone Real Estate Advisers and Crocker Partners, which bought Esperanté for $71 million in 2013 when the property […]

July 26, 2016 - JLL Picks Up Valencia Industrial Portfolio for $65M

JLL Income Property Trust, an REIT advised by LaSalle Investment Management Inc. and sponsored by Chicago’s commercial real estate brokerage Jones Lang LaSalle Inc., announced that it had acquired a five-building warehouse portfolio in the Greater Los Angeles submarket for approximately $64.5 million. The multi-tenant portfolio was sold by Clarion Partners with representation from JLL; […]

July 25, 2016 - Hines Sells Wilshire Office Tower for $225M

Douglas Emmett, Inc., a California based REIT, in partnership with Qatar Investment Authority (QIA) announced the acquisition of a Class A office building in Los Angeles for $225 million, or $616 per square foot. The 19-story building was sold by a fund managed by Hines; Hines acquired the property from Deutsche Asset & Wealth Management […]

July 21, 2016 - Center Court Partners Pays $80M for Boston Globe HQ

The Boston Globe announced that it is selling its 16.5 acres of offices in Dorchester, which currently serves as their headquarters, to move back to downtown Boston. According to a Boston Magazine report, New York-based Center Court Properties will pay $80 million for the 815,000-square foot facility. An earlier deal for the site with Winstanley […]

July 20, 2016 - WRE Completes Sale of MD Office Portfolio for $111.5M

DC-based Washington REIT confirmed that it has completed the previously announced sale of a suburban Maryland office portfolio for aggregate sales proceeds of $111.5 million. Brookfield Property Partners has acquired the portfolio, which includes the Wayne Plaza and 600 Jefferson Plaza as well as 6110 Executive Boulevard and West Gude Drive. Washington REIT was represented […]

July 19, 2016 - Rockwood Buys Playa Jefferson for $165M

Manhattan Beach, CA-based Vantage Property Investors has sold Playa Jefferson, a dynamic office campus located in Playa Vista, to Rockwood Capital for $165 million, or $660 per square foot. The news comes just four months after Vantage announced it would be adding a fifth 55,000 square foot, three-story creative office building to the office campus, […]

July 18, 2016 - Terranova Sells Miami Beach Office Buildings to Ivy Realty

Beach Tower LLC, an affiliate of Miami Beach-based Terranova Corp., has sold two South Miami Beach office buildings to to Ivy MBT Property, an affiliate of New Jersey-based Ivy Realty, for $48.75 million, or $406 per square foot. The sale price marks nearly double the original purchase price of the properties set in 2004 when […]

July 15, 2016 - KP Plans for Fenton Logistics Park at Former Chrysler Plant

St. Louis, MO-based KP Development outlined plans for a $222 million business park on the former Chrysler site in Fenton as part of its request for nearly $60 million in public subsidies for the development. KP submitted its development plan to the St. Louis County Tax Increment Financing Commission earlier this month for a public […]

July 14, 2016 - Link at Douglas Project in Miami Moves Forward

The Miami-Dade County Transit and Mobility Services Committee passed a recommendation on Wednesday to award a contract for the development of a new $464 million mixed-use project in Miami to a joint venture between the Adler Group and 13th Floor Investment. The proposed “Link at Douglas” project at the Douglas Road Metrorail Station would include […]

July 13, 2016 - 100 Montgomery Sold for $285M

Blackstone Group’s wholly owned subsidiary Equity Office has sold 100 Montgomery Street, a 429,000-square-foot office tower in San Francisco’s Financial District, for $285 million. The property was acquired by Vanbarton Group LLC and a U. S. pension fund partner, according to a San Francisco Business Times article. Terms of the deal were not disclosed, though […]

July 12, 2016 - KBS Pays $170M for SF Office Tower

KBS Strategic Opportunity REIT, an affiliate of KBS Realty Advisors, announced the purchase of a 23-story Class A office tower in San Francisco for $169.5 million. The property was sold by Pacific EIH Sacramento, LLC, an affiliate of investment manager Pacific Eagle, which first announced the agreement to sell in May when KBS deposited $1 […]

July 11, 2016 - American Realty Buys Jersey City Office Building for $101M

Glendale, California-based American Realty Advisors has purchased the 15-story office tower at 30 Montgomery Street in Jersey City, New Jersey for $101 million. The sale price is a marked gain for the sellers, a joint venture between Rubenstein Partners and Onyx Equities, which purchased the 315,385 square-foot building for $57 million in 2013. Rubenstein and […]

July 7, 2016 - City Office Buys $79M Florida Office Properties

City Office REIT, a Vancouver, Canada-based real estate investment trust, announced that it has purchased two properties in central Florida, which they expect to generate an initial full-year cash net operating income yield of approximately 8.3%. Terms of the deals and representation were not disclosed by City Office REIT. The first property, Carillon Point in […]

July 6, 2016 - $87M Sale of SunTrust Center in Ft. Lauderdale

Miami-based investment company Steelbridge Capital has purchased the SunTrust Center, a 270,000 square foot office complex in downtown Fort Lauderdale, for $86.5 million. SunTrust Banks Inc. sold the Class A property, arranging to remain in the block-sized complex as long-term retail and office tenants. According to a report from The Real Deal, Steelbridge financed the […]

July 5, 2016 - Lincoln Picks Up LA Office Complex for $135M

LPC Realty Advisors I, LP, and affiliate of Dallas-based Lincoln Property Company, has purchased an office campus in West Los Angeles on behalf of a public pension fund client for a reported $135.3 million, or about $240 a square foot. The complex was sold by a joint venture between Mullen Co. of Irvine and Rockwood […]

July 1, 2016 - Related Cos. $6.5B City Center Project Secures Approval

Santa Clara, California’s City Council unanimously approved Related Cos. plans for a 9-million-square-foot CityPlace mixed-use development on the site of a current golf course on top of a city landfill. Described as the largest private development project in Silicon Valley’s history, Related has been seeking approval for almost four years to build a $6.5 billion […]

June 30, 2016 - Farbman Group Buys Chase Tower

An affiliate of Southfield, Michigan-based NAI Farbman Group, an investment group that operates commercial properties throughout the Midwest, has purchased the Chase Tower in downtown Milwaukee for $30.5 million. The office tower was sold by Breof Bank Midwest LLC, an affiliate of Toronto-based Brookfield Asset Management Inc.; "Breof" stands for Brookfield Real Estate Opportunity Fund. […]

June 29, 2016 - Meridian Picks Up International Place for $107M

Bethesda, MD-based Meridian Group has purchased International Place, a 12-story office building in Rosslyn, Virginia from Beacon Capital Partners, which paid $99 million for the property in 2007. According to a Commercial Real Estate direct report, Meridian purchased the building for $106.5 million, or $362.80 per square foot, in a sale that was brokered by […]

June 28, 2016 - GSA Picks Site for new FBI Complex in VA

The General Services Administration (GSA) Mid-Atlantic Region announced that it has selected and purchased approximately 60 acres of land for the site of the FBI’s Central Records Complex (CRC) in Winchester/Frederick County, Virginia. The federal agency paid $4.75 million for a site in Frederick County, Virginia off U.S. 50 where it plans to build a […]

June 27, 2016 - F4 Transbay Locks Down Last Super-Tall Building Site

F4 Transbay Partners LLC announced this week that it has closed on the acquisition of Transbay Parcel F from the Transbay Joint Powers Authority (TJPA), securing the last remaining site available for development of a super-tall building in downtown San Francisco. F4 Transbay Partners, a joint venture between Hines, Urban Pacific Development, Broad Street Principal […]

June 24, 2016 - Scottsdale Perimeter Center Portfolio Sold for $122M

Desert Troon Companies, a Scottsdale, Arizona-based real estate development firm, has sold a portfolio of five Class-A office buildings in Scottsdale’s Perimeter Center for $122 million, or $191 per square foot. The portfolio was purchased by a joint venture between Phoenix-based Wentworth Property Co. and NY-based Northwood Investors with representation from Cushman & Wakefield in […]

June 23, 2016 - Cole Makes Largest Industrial Deal in Tampa Bay

Cole Office & Industrial REIT (CCIT II), Inc., a Phoenix-based public, non-listed REIT formed in 2013, has purchased a 1.1-million-square-foot fulfillment center in Florida for $103.6 million, marking the largest industrial property sale in Tampa Bay history in terms of both size and value, according to Cushman & Wakefield data. The massive fulfillment center at […]

June 22, 2016 - JV Sells $190M Office Project In Denver to Invesco

Denver-based developer East West Partners and a controlled affiliate of Starwood Capital Group announced the sale of an office project in Denver’s Union Station neighborhood to Invesco Real Estate. According to a Denver Post article, East West Partners will stay on in its role as developer of the $190 million project, and Invesco ultimately will […]

June 21, 2016 - Align Buys Comcast Office Center for $59M

Holliday Fenoglio Fowler, L.P. (HFF) announced that it has brokered the sale of the Comcast Office Center campus in Livermore, California that serves as the regional headquarters for the cable company. HFF represented the seller in the transaction, Gramercy Property Trust, which originally acquired the property in June 2009 for $49 million. The three building […]

June 20, 2016 - BKM Buys $58M AZ Warehouse/Office Portfolio

Irvine, CA-based real estate developer BKM Capital Partners announced this week that it had acquired a five-building property in Tempe, Arizona for $58 million. The Tempe Commerce Park portfolio was sold by Core Fund Tempe Property LLC, a company formed by the Ohio Police & Fire Pension Fund in Columbus, Ohio. BKM purchased the property […]

June 17, 2016 - Onni Group To Buy LA Times Building, Planned Conversion

Vancouver-based developer Onni Group has entered into a preliminary agreement to buy the Los Angeles Times building at 202 W. 1st Street from Tribune Media, with plans to redevelop the art deco-era landmark into modern offices and retail. Tribune Media first noted the deal that was in the works in a previous earnings press release, […]

June 16, 2016 - Equus Buys Mid America Plaza

Philadelphia-based Equus Capital Partners, formerly known as BPG Properties, Ltd, has agreed to purchase Mid America Plaza in Oakbrook Terrace, Illinois, a Class A office complex with two adjoining ten-story towers. Equus is believed to be paying $190 per square foot for the property, which puts the purchase price at around $80 million, making it […]

June 15, 2016 - Goodman Buys CA Distribution Centers

Goodman Birtcher, the wholly owned North American subsidiary of Australia-based Goodman Group, announced the purchase of two distribution centers spanning 130 acres in Los Angeles, California. CoStar estimates that Goodman paid approximately $240 million, or roughly $115 per square foot, making the deal one of the biggest in Southern California in recent history. The logistics […]

June 14, 2016 - Ivanhoé/Callahan Buy Out Beacon at 1211 Avenue of the Americas

Ivanhoé Cambridge and its partner, Callahan Capital Properties, announced this week that it has acquired the 49% interest in 1211 Avenue of the Americas in Midtown New York City that it didn’t already own from Beacon Capital Partners in a deal that valued the property at roughly $1.8 billion. Ivanhoé Cambridge and Callahan Capital Properties […]

June 13, 2016 - MetLife Loans $300M On West 34th Office Property

New York-based Vornado Realty Trust announced that it completed a $300 million recourse financing of 7 West 34th Street with a loan provided by Metropolitan Life Insurance Co. Vornado also announced that it has sold a 47% interest in the property to Korea Post, a sovereign wealth fund under the national postal service of South […]

June 10, 2016 - Zurich North America Buys Coral Gables Office Building for $58M

Zurich North America, an affiliate of the Swiss insurance company Zurich Insurance Group Ltd., has purchased an office tower in Coral Gables, Florida for $57.5 million, or $349 per square foot. The property was sold by a joint venture between Greenstreet Partners and CREC – Continental Real Estate Companies, which originally purchased the office building in […]

June 9, 2016 - Stanford Place 1 Sold for $43M

Florida-based Accesso Partners, a real estate investment firm formerly known as Beacon Investment Properties, has purchased Stanford Place 1, a 14-story office tower in the Denver Technology Center, for $43 million, according to Denver County public records. The Class A office building was sold by Broadreach Capital Partners, which originally acquired the property in March […]

June 8, 2016 - Herndon Metro Plaza Sold for $44.5M

Radnor, PA-based Brandywine Realty Trust has sold Herndon Metro Plaza I and II in Herndon, Virginia for $44.5 million. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property and procured the institutional investor, Irving, Texas-based Archon Group, a Goldman Sachs affiliate; the complex was sold free and clear of existing debt. According to a BisNow report, […]

June 7, 2016 - Novelly’s $68.5M Clayton Office Project Moves Forward

Apogee Associates, LLC and Jared Novelly, head of Crest Management and son of Apex Oil Chairman Tony Novelly, have a public hearing set for June 14th with the city of Clayton, Missouri for their proposed $68.5 million office tower. Plans for the new 14-story office tower were first revealed last November, which would remove an […]

June 6, 2016 - RPW Group Buys 275 Madison Avenue

Rye Brook, NY-based RPW Group, founded by Robert Weisz, is under contract to purchase 275 Madison Avenue in Midtown from Aby Rosen and Michael Fuchs’ RFR Holding. The 43-story office tower is trading hands for more than $270 million, or upwards of $800 per square foot, according to a report from The Real Deal. RFR Holding […]

June 3, 2016 - ING Finances 550 Madison Buy with $570M Loan

ING Capital, a part of ING Group, a global financial institution of Dutch origin, announced that it had originated a $570 million loan for the purchase of 550 Madison Avenue in New York City. In a deal that was first reported in April, investor Joseph Chetrit and his partners at Clipper Capital were in contract […]

June 2, 2016 - Invesco Sells Pompano Industrial Center to Clarion Partners

New York-based Clarion Partners has purchased the Pompano Industrial Center, a four-building industrial park in Pompano Beach, Florida, for $77.25 million, or $124 per square foot. The property was sold by Pompano Industrial Center LLC, an affiliate of Invesco Advisors, an investment manager headquartered in Texas. Terms of the deal and representation were not disclosed, […]

June 1, 2016 - CapRidge Buys Lakewood on the Park

Equity Commonwealth, a Chicago-based REIT, has sold Lakewood on the Park, a set of office buildings located along the North 360 Loop on Austin, to CapRidge Partners. Austin-based CapRidge Partners acquired the 180,588-square foot suburban office campus with $32.1 million in financing provided by Los Angeles-based Mesa West Capital, a private debt fund manager and […]

May 31, 2016 - Symetra Financial Center Sold for $185M

Walton Street Capital of Chicago, a private equity real estate investment firm, has sold the Symetra Financial Center in Bellevue, Washington to Sterling Realty Organization for $185 million, or about $422 per square foot. Bellevue-based Sterling Realty Organization has, since the late 1950s, owned the land under Symetra Center as well as seven contiguous acres. […]

May 30, 2016 - RXR Closes $1.65B Avenue of the Americas Acquisition

An affiliate of RXR Realty LLC announced the closing of the $1.65 billion acquisition of 1285 Avenue of the Americas, as well as the long-term lease renewal of more than 900,000 square feet to keep UBS’s North American headquarters in the office building. The Real Deal first reported that Scott Rechler’s RXR Realty was on the verge […]

May 27, 2016 - New York REIT Buys JBG Cos. to Create $8.4B Company

New York REIT, Inc. announced that it has entered into a definitive agreement to acquire substantially all of the properties and the management business of JBG Companies, forming a new $8.4 billion enterprise to be renamed JBG Realty Trust. JBG was rumored to be in talks with New York REIT earlier this month, a deal […]

May 26, 2016 - Sumitomo Buys Miami Tower for $220M

Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s leading traders of goods and services, has closed on the purchase of Miami Tower in the city’s central business district for $220 million. HFF marketed the property on behalf of the seller, LaSalle Investment Management’s LaSalle Income & Growth Fund […]

May 25, 2016 - Hines REIT Pays $140M for Utah Corporate Center

Hines Global REIT II, Inc. has agreed to pay $140 million for Cottonwood Corporate Center, a four-building, Class-A office project located in Cottonwood, Utah. The property is being sold by NOP Cottonwood Holdings, LLC, according to an SEC filing. Hines Global II expects the closing of this acquisition to occur on or about June 10, […]

May 24, 2016 - $314M Refi Loan Provided for 63 Madison

A partnership between Loeb Partners, Jamestown, and George Comfort & Sons named 63 Madison Associates has secured a $313.5 million loan from the Bank of China for 63 Madison Avenue in Manhattan. The loan replaces old debts on the property and provides the owners with capital to complete renovations on the building. The Real Deal […]

May 23, 2016 - C-III Capital Partners Acquires Resource America for $207M

Resource America, Inc., a Philadelphia real estate investment and finance firm, announced that it has entered into a definitive agreement to be acquired by C-III Capital Partners LLC, a New York-based real estate investment company, for a total of approximately $207 million, or $9.78 per share. Resource America’s Board of Directors unanimously approved the agreement, […]

May 20, 2016 - Boston Properties Buys In to Colorado Center

New York-based mega investment firm Blackstone Group is selling its stake in a Santa Monica office complex to Boston Properties for more than $500 million, marking the real estate investment trust’s first purchase in southern California. According to a report from The Real Deal, it is the priciest single-property commercial sale to go down in L.A. County […]

May 19, 2016 - Intercontinental Buys Canal Park Complex for $304M

Boston-based Intercontinental Real Estate Corporation, a national real estate investment, development and management firm, has purchased the Canal Park portfolio, a recently renovated office and retail campus in East Cambridge, for $304 million. The property was sold by Beacon Capital, which placed the campus up for sale in 2015, expecting it to fetch bids of […]

May 18, 2016 - Houston’s Exxon Campus Sold to JV

The Exxon Mobil Brookhollow office complex at 4400 – 4550 Dacoma Street, which was once home to numerous back office operations for the corporation, has been sold for an undisclosed amount. The 24-acre property, which was originally placed on the market in 2014 as it prepared to consolidate thousands of employees across the Houston area, […]

May 17, 2016 - TIAA Sells Market Common Clarendon for $406M

AvalonBay Communities, Inc. announced this week that, together with Regency Centers Corporation, it has purchased Market Common Clarendon from TIAA Global Asset Management for $406 million, of which Regency’s share was $285.7 million, according to a Reuters report. In order to facilitate the acquisition, AvalonBay and Regency Centers formed an agreement under which AvalonBay will […]

May 16, 2016 - Chicago’s Old Main Post Office Sold for $130M

On Thursday, Chicago’s Mayor Rahm Emanuel announced the finalization of the sale of the Old Main Post Office to 601 W Companies LLC (601W), a New York-based private real estate investment company that owns Chicago’s Aon Center and Prudential Plaza. International Property Developers North America Inc. bought the property in 2009, but plans for redevelopment […]

May 13, 2016 - Tishman Plans New M Street Office Building

New York City-based Tishman Speyer released renderings this week for the redevelopment of 2050 M Street in Washington, DC, which currently serves as the DC bureau of CBS News. With delivery expected for 2019, the 364,000 square foot building will include iconic, modern design provided by REX Architects. The building is expected to be constructed […]

May 12, 2016 - Hines, Gemdale Partner to Redevelop Boston’s South Station

Global real estate firm Hines announced that it has partnered with Gemdale Properties, one of the largest builders in China, to redevelop Boston’s South Station with a 677-foot condo and office building at the city’s busiest train station. Hines originally secured approval for the development of a three-phase, 1.8 million-square-foot mixed-use air-rights project at South […]

May 11, 2016 - Bridgeton Holdings Picks Up Market Street Office Building in SF

Mission Capital Advisors, a national real estate services firm, announced that it had arranged a $45 million acquisition loan for 995 Market Street in San Francisco on behalf of Bridgeton Holdings, a fully integrated owner, developer, and manager of commercial and residential real estate. Bridgeton purchased the 91,300 square foot tower for $62 million, or […]

May 10, 2016 - Vornado Secures $273M Loan to Refinance Warner Building

Vornado Realty Trust, the New York-based equity real estate investment trust, announced that it has completed a $273 million refinancing of The Warner Building in Washington, DC. The seven year loan provided by TIAA-CREF has a fixed rate of 3.65%, a step away from the previous 6.26%/$293 million mortgage on the office building that was […]

May 9, 2016 - Jacobs Unveils $405M Cleveland MU Development Plans

Jacobs Investments, the North Palm Beach, Florida-based private investment equity firm, has revealed plans that would take 22 acres of land along the west bank of the flats in Cleveland, Ohio, transforming it into a $405 million mixed-use phased development. The complex, known as the Nautica Entertainment Complex and opened by Jacobs Investments in 1986, […]

May 5, 2016 - LPC Closes $71.6M Charlotte Office Tower Deal

LPC Realty Advisors I, LP, an affiliate of Lincoln Property Company, in conjunction with their local affiliate Lincoln Harris, has closed on the purchase of a 32-story office building in Charlotte, North Carolina for $71.6 million on behalf of a pension fund client. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property, represented the seller in […]

May 4, 2016 - Broadstone Acquires Nationwide Offices for $54.6M

Broadstone Net Lease, an REIT managed by Broadstone Real Estate, LLC, announced the purchase of two office buildings in Pennsylvania from Nationwide Mutual Insurance Company in a $54.6 million sale-leaseback deal. The two properties are located in Harrisburg and Harleysville, Pennsylvania with 384,797 square feet of space on 65 acres, all of which is tenanted under […]

May 3, 2016 - Berkeley Buys MA Office Building for $22M

Boston-based Berkeley Investments announced the purchase of the office building at 200 Exchange Street in Malden, Massachusetts for $21.686 million,or about $70 per square foot. The 314,176-square-foot office building was sold by an affiliate of KBS Real Estate Investment Trust, Inc., which was advised by Gramercy Property Trust in the transaction. Full terms of the […]

May 2, 2016 - Midtown Manhattan Office Building Under Contract for $525M

New York City-based Thor Equities in under contract to sell 693 Fifth Avenue in Manhattan, a 20 floor office/retail building with Valentino’s flagship store as its anchor, for $525 million, or nearly four times what the company paid for the property. While the buyer was not disclosed, sources told the Commercial Observer that it is […]

April 29, 2016 - Maryland Office Portfolio Trades for $240M

Rockville, Maryland-based Washington Real Estate Investment Trust (WRE) announced that it has sold all six of its suburban Maryland office properties for $240 million in two separate contracts to an affiliate of Brookfield Property Partners. The REIT retained Cushman & Wakefield to market its suburban portfolio holdings at the beginning of the year, shifting its […]

April 28, 2016 - Boston Properties Grabs Santa Clara Office for $78M

In the company’s public release of Q1 2016 results, Boston Properties disclosed the acquisition of 3625-35 Peterson Way in Santa Clara, California for approximately $78 million in cash. Boston Properties purchased the 15-acre site from Eaton Vance Management, a wholly owned subsidiary of Eaton Vance Corp., which paid $53 million (or $243 per square foot) […]

April 27, 2016 - Union Buys Civic Center Plaza in San Rafael

San Francisco-based property owner and developer Union Property Capital has made an office building buy across the Golden Gate Bridge with the purchase of a 2-building office campus in San Rafael for $28 million. The property, known as Civic Center Plaza, was sold by Broadreach Capital Partners in a deal arranged by JLL’s Capital Markets […]

April 26, 2016 - Duke Sells Phoenix Industrial Properties to Exeter for $56M

Exeter Property Group, the Plymouth Meeting, PA-based real estate investment manager, has purchased two industrial buildings in Phoenix, Arizona from Duke Realty for $55.9 million, or a blended average of $65.45 per square foot. Both properties transfered in cash sales that were brokered by Jones Lang LaSalle in Phoenix; representation was not disclosed. The acquisition […]

April 25, 2016 - RXR Realty Sells 49% of 61 Broadway, Secures $290M Loan

Uniondale, New York-based RXR Realty announced that it has sold a 49% interest in the $440 million office building at 61 Broadway in New York’s Financial District, and has closed on a $290 million mortgage on the firm’s interest in the 33-story office property. RXR Realty sold the 49% stake to an affiliate of China […]

April 22, 2016 - CBRE Global Investors Buys Univision Office Building FOR $102M

CBRE Global Investors’ U.S. Managed Accounts Group announced that it has purchased the Univision Building in Los Angeles, a 174,084 square foot Class A office building that serves a sUnivision’s West Coast headquarters, on behalf of a separate account client. According to a Biznow report, the building was sold by Univision TV Group for $102 […]

April 21, 2016 - Sears’ Crescent Building Sold For $23.8M

A joint venture between Chevron Partners, a Boston-based private real estate firm, and Fulton, a Paris-based developer/operator, has purchased the Sears’ Crescent building in Boston for for $23.8 million. The 50,000 square foot office and retail building was sold by Boston’s Copley Investments, which purchased the property in 1996 for $4.25 million. The acquisition marks […]

April 20, 2016 - Zurich Buys 2.0 University Place for $41.3M

University Place Associates, the Philadelphia-based development company, announced this week that it has sold 2.0 University Place to Zurich Insurance Group for a record $41.25 million, with an implied rate of $438 square-foot. The deal is Zurich’s first acquisition in Philadelphia, and commits the company to completing up to $1.8 million in interior construction work, […]

April 19, 2016 - Rexford Industrial Buys $191M CA Portfolio

Los Angeles, CA-based Rexford Industrial Realty announced this week that it completed the acquisition of a nine-property industrial portfolio for a total purchase price of $191 million, or approximately $125 per square foot. Rexford Industrial purchased the portfolio from CT Realty Investors in a deal brokered by Darla Longo and Barbara Emmons of CBRE. According to […]

April 18, 2016 - Normandy Buys National Press Club Building for $155.5M

Morristown, New Jersey-based Normandy Real Estate Partners, a real estate investment and management firm, has purchased the iconic National Press Building in Washington, DC for $155.5 million, or nearly $317 per square foot. The 14-story building was sold by a venture between AEW Capital Management and Quadrangle Development Corp. which paid $167.5 million, or roughly […]

April 14, 2016 - German Investor Buys Seaport Office Building in Record Deal

In one of the largest single-asset trades in Boston real estate history, Skanska USA has sold 101 Seaport Boulevard to German real estate fund Union Investment Real Estate GmbH for $452 million. The transaction is Union Investment’s third recent acquisition in Boston, and will join the portfolio of open-ended real estate fund Unilmmo: Europa. The […]

April 13, 2016 - Physicians Realty Trust Buying $725M Medical-Office Portfolio

Physicians Realty Trust, a self-managed healthcare properties REIT that conducts its business through an UPREIT structure in which its properties are owned by Physicians Realty L.P., announced that is buying a portfolio of 52 medical office facilities owned by Englewood, CO-based based Catholic Health Initiatives (CHI) for approximately $724.9 million. The purchase price includes $32.9 […]

April 12, 2016 - Beacon Sells Fairview Center Buildings for $34M

Beacon Partners, a full service Charlotte, NC-based commercial real estate investment company, has sold Fairview Center One and Fairview Center Two in the SouthPark area of Charlotte for $33.8 million. ROC III Fairlead Fairview Center Owner LLC, a subsidiary of Marietta, GA-based Fairlead Commercial, purchased both of the office buildings, marking the company’s first move […]

April 11, 2016 - Monmouth Pays $30.7M for Burlington Industrial Property

Monmouth Real Estate Investment Corporation, a Freehold, NJ-based real estate investment trust, announced that it has purchased a new industrial building in Burlington, WA for $30,662,080. The transaction was completed on April 8, though transaction details beyond the company’s disclosure are unknown. Fisher Construction Group lists the facility on its website as a 10-month fast […]

April 8, 2016 - Cook County Hospital Mixed Use Redevelopment

Civic Health Development Group (CHDG) has been selected to redevelop Old County Hospital in Chicago, Illinois with a private redevelopment and land lease agreement to be presented to the Cook County Board of Commissioners on April 13. Cook County Board President Toni Preckwinkle’s office unveiled the $550-$700 million development plan for the vacant and historic […]

April 7, 2016 - Milwaukee Center Sold for $60.5M

An affiliate of Associated Bank, a regional bank holding company based in Green Bay and the biggest bank headquartered in Wisconsin, has purchased the 28-story office tower at 111 E. Kilbourn Ave. for $60.5 million. The property was sold by Hub Milwaukee Center Properties LLC, a real estate investment trust registered in Wisconsin, according to […]

April 6, 2016 - BioMed Picks Up University Towne Center Buildings for $55M

BioMed Realty, a San Diego-based self-advised REIT, announced that it has purchased a two-building laboratory and office property in San Diego’s University Towne Center (UTC) market for $55 million. W.P. Carey, a leading global net-lease REIT, sold the buildings. While terms of the deal and represenation were not disclosed by either company, Jones Lang LaSalle […]

April 5, 2016 - Bellevue’s Sunset North Sold for $155M

M-M Properties, in partnership with a large unnamed institutional investor, has completed the acquisition of a three-building, 464,000 square foot office campus in Bellevue, Washington for $155.3 million. The property, known as Sunset North, was sold by a fund managed by Beacon Capital Partners; Beacon originally acquired the property in 2007 as part of a […]

April 4, 2016 - CIM Picks Up Boston South End Office Building

Los Angeles-based CIM Group, an urban real estate and infrastructure fund manager, together with Boston-based Center Court Mass, LLC, announced that it has purchased 95 Berkeley Street in Boston’s South End for $43 million. CIM acquired the property from The Community Builders, a nonprofit urban housing developer in Boston, which purchased the property as their […]

April 1, 2016 - Columbia Sells 100 East Pratt for $187M

Columbia Property Trust, a real estate investment trust that owns and operates Class-A office buildings concentrated in CBD locations, announced that it has completed the sale of 100 East Pratt Street in Baltimore, Maryland for $187 million. Columbia sold the iconic 653,000 square-foot office building to Vision Properties, an east coast real estate firm. The […]

March 31, 2016 - Hub 25 Industrial Project Planned for Denver

Denver-based Westfield Company, Inc. has unveiled its plans for Hub 25 this week, a new project that will transform the vacant site of the former Mapleton High School in Central Denver into a 421,500 square foot Class A industrial space. The new development at 601 East 64th Avenue will include four buildings that can accommodate […]

March 30, 2016 - Pacific Corporate Park Sold for $145.5M

Gramercy Property Trust, the New York-based global investor and asset manager, announced this week that it has sold the Pacific Corporate Park complex just a few miles north of Dulles International Airport for $145.5 million, or $209 per square foot. Terry Reiley, Robert Faktorow, Thomas Cleaver and Daniel Grimes of CBRE handled negotiations on behalf […]

March 29, 2016 - Adler Kawa Buys Miami Industrial Portfolio

An investment fund run by Adler Kawa, an Aventura, Florida-based real estate investment company, has purchased a portfolio of six industrial buildings in Broward and Palm Beach counties from Prologis Sslv Trs Sub 3 LLC, a subsidiary of Prologis, for a combined $38.3 million. Adler Kawa’s AKF3 SF Light Industrial acquired the 348,988-square foot portfolio […]

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