Business Specialties
Rockefeller Group, Mitsubishi Sell Boston Trophy Tower
TA Realty arranged the $418 million sale of 28 State St., a 479,000-square-foot office building in the city’s Financial District. According to published reports, Heitman Capital Management is the new owner.
Keystone Property to Build Philly Corporate HQ
SORA West, the transit-oriented development the company is developing in Conshohocken, Pa., is set to become the corporate headquarters of Fortune 500 company AmerisourceBergen.
Panattoni Breaks Ground on OC Industrial Facility
The company, in partnership with Principal Real Estate Investors, is set to develop a four-building property located on the border of Placentia and Anaheim, Calif.
Robertson Properties Grabs LA Retail Financing
The owner landed $21 million for the building comprising more than 50,000 square feet, which is fully leased to Ralphs grocery store.
CyrusOne Acquires 70-Acre Site for 2nd Phoenix Facility
The upcoming data center will eventually deliver up to 198 megawatts of critical IT power. The company’s campus will be located within the Mesa Elliot Technology Park, a 270-acre master-planned mixed-use project.
TerraCap Trades Orlando Office for $28M
When the company purchased the asset for $9.3 million in 2014, the building was 26 percent leased. Following a series of renovations, Keller Center has reached full occupancy.
Inland Empire Warehouse Sells for $16M
Cushman & Wakefield has arranged the sale on behalf of the owner, Newcastle Partners. The asset, completed in 2017, offers easy access to Interstate 215.
CRE Tech in the Age of Acceleration
Now in its 20th year, Realcomm gathered real estate professionals in Las Vegas to trade strategies for navigating technological innovation. CBRE President & CEO Bob Sulentic delivered the keynote address, detailing challenges and opportunities in digital leadership.
JLL Spark Forms $100M Global Venture Fund
The new vehicle will focus on tech startups that help JLL investor and occupier clients or that invent new technology-enabled business models in the company’s traditional service areas.
Chesapeake Lodging Trust to Sell SoCal Hotel for $90M
The planned disposition of the Hyatt Centric Santa Barbara comes five years after the REIT acquired the 200-key destination for $61 million.