Transactions: June 2020

May 27, 2020

609 Main at Texas. Image courtesy of Hines

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
330 Madison Avenue	Office	Manhattan	Munich Re	Abu Dhabi Investment Authority	CBRE represented the seller in the transaction.	$900 Million	4-Mar
609 Main at Texas	Office	Houston	KB Financial Group	Hines Interests	–	$675 Million	18-Mar
60 State Street	Office	Boston	Starwood Capital Group	Oxford Properties Group	Newmark Knight Frank arranged the transaction.	$614 Million	24-Mar
Hearst Tower	Office	Charlotte, N.C.	Truist Bank	Cousins	JLL represented the buyer in the transaction.	$455.5 Million	31-Mar
The Olivia	Office	Manhattan	Brookfield Properties	SL Green Realty	CBRE represented the seller in the transaction.	$446.5 Million	1-Apr
The Expedia Building	Office	Bellevue, Wa.	KKR	Equity Commonwealth	–	$401.5 Million	13-Mar

Property	Asset Type	Location	Type of Financing	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
711 Fifth Avenue	Office	Manhattan	Refinancing	Goldman Sachs	JLL Capital Markets	SHVO	$545 Million	9-Mar
Equitable Building	Office	Manhattan	Refinancing	Wells Fargo	Cushman & Wakefield	Silverstein Properties	$510 Million	20-Mar
Salesforce Tower Chicago	Office	Chicago	Construction	JPMorgan Chase, Wells Fargo, U.S. Bank and other private lenders	–	Hines	$500 Million	13-Apr
ROW DTLA	Office	Los Angeles	Construction	Bank OZK	–	Atlas Capital Group	$465 Million	10-Mar
60 State Street	Office	Boston	Acquisition	Metropolitan Life Insurance Co. and Pacific Life Insurance Co.	–	Starwood Capital Group	$435 Million	24-Mar
Campus at Horton Phase I	Office	San Diego	Construction	First American Capital Group Corp.	–	Stockdale Capital Partners	$328.5 Million	9-Mar