Deals
Orlando-Area Shopping Center Sells for $12M
Corporate Property Group Inc. sold the three-building asset completed in 2018. SRS Real Estate Partners negotiated the deal on behalf of the seller.
Chesapeake Agrees to Sell NYC Hotels for $138M
The two Hyatt-branded Manhattan properties are slated to change hands in September, prior to the trust’s prospective $2.7 billion merger with Park Hotels & Resorts Inc.
Washington REIT Sells $485M Retail Portfolio
First Washington Realty acquired the 800,000-square-foot group of five grocery-anchored shopping centers in high-income neighborhoods of the Washington, D.C., area.
KBS Sells Raleigh Office High-Rise
The Class A asset last traded in 2013, when a joint venture that also included Kane Realty Corp. shelled out $98.4 million.
Harbor Group Buys South Florida Office for $33M
The roughly 101,000-square-foot asset in Sunrise traded for the first time in a decade. The new owner intends to perform capital improvements at the three-story building.
Global Mutual Buys Triangle Office Park for $81M
BBVA Compass Bank provided the buyer of the nearly 430,000-square-foot Class A research campus with a five-year, $61.6 million acquisition loan.
Strategic Storage Trust IV Buys Seattle-Area Facility
The REIT expanded its footprint with a 350-unit storage asset in Redmond, Wash. The six-building property changed hands for $11.5 million.
Kilroy Realty Signs 1st Lease for Bay Area Life Science Campus
Cytokinetics is the first tenant of the in-progress $600 million project. The biopharmaceutical company will occupy 235,000 square feet at Kilroy Oyster Point starting in September 2021.
1031 Investor Chases Retail Yield in the Inland Empire
CBRE orchestrated a complex deal that resulted in its client’s purchase of Menifee Town Center and The Barn at Wildomar from separate sellers and the disposition of a Hollywood property.
Solera Health Increases Downtown Phoenix Footprint
The medical tech company occupies two floors at The Monroe building in downtown Phoenix. The expansion is expected to add at least 200 new jobs.