Keith Loria
ASB Real Estate Purchases LA Residential Tower
ASB Real Estate Investments has acquired Watermarke Tower, a 35-story trophy residential property in the South Park neighborhood of downtown Los Angeles, for $160.5 million.
Hillwood Expands into Memphis
Commercial developer Hillwood will open a new office in Memphis that will be led by industry veteran Kurt Nelson.
Carter Validus Acquires 2 Phoenix-Area Data Centers in $125M Sale-Leaseback Deal
In a $125 million sale-leaseback deal, Carter Validus Mission Critical REIT Inc. has acquired data centers in Phoenix and Scottsdale, Ariz., from IO.
DPF Acquires Two Class A Office Buildings in Denver
Dividend Capital Diversified Property Fund Inc. has acquired two Class A office buildings in the Cherry Creek submarket of Denver.
AGC Releases Report on Construction Employment
A new study from the Associated General Contractors of America found that construction employment expanded in the majority of U.S. metro areas, though growth remains sluggish or nonexistent in certain markets.
KBS REIT III Acquires Atlanta Office Building for $132.5M
KBS Real Estate Investment Trust III has acquired 171 17th St., a 21-story, trophy-quality office building in Atlanta for $132.5 million plus closing costs from JP Morgan.
Swire Properties, Whitman Family Development Close Deal to Bring Saks Store to South Florida
Swire Properties Inc., in a joint venture with Whitman Family Development, reached agreement with Hudson’s Bay Co. for a Saks Fifth Avenue store to open in Brickell City Centre, a planned 565,000-square-foot South Florida shopping center.
HSRE Sells $283M Multi-State Healthcare Portfolio
Harrison Street Real Estate Capital has sold a 12-asset multi-state healthcare portfolio for $283 million.
Zillow: Homeownership Surpassing Renting in Affordability
While homeownership is more affordable than renting for much of the country, saving for a down payment remains difficult for the Millennial generation due to rising rents, interest rates and home values.
Herrick Co. Buys 29 Walgreens
The Herrick Co. has bought a 394,236-square-foot portfolio of Walgreens stores located in 16 states and Washington, D.C.