Deals
AXA Investment Managers Buys Into Trophy Oakland Office
AXA IM took the majority stake in 180 Grand, a 15-story tower in downtown Oakland, in a joint venture with the previous sole owner.
Bellomy & Co. Arranges Austin-Area Storage Sale
The brokerage firm represented the seller and procured the buyer of a 678-unit self storage asset in Round Rock, Texas.
Everest Re Leases 315 KSF in Northern New Jersey
The reinsurance firm will relocate its U.S. headquarters to the Warren Corporate Center. Citigroup is currently in the process of moving out.
CBL Properties Sells MS Retail Center for $32M
Best Buy, Dick’s Sporting Goods, HomeGoods, Michaels and Stein Mart anchor the 216,000-square-foot retail asset located 14 miles north of downtown Jackson.
Bain Capital Sells Life Science Campus for $255M
The company teamed up with Phase 3 Partners to sell the 314,000-square-foot, Class A property in San Diego to a REIT.
GA Shopping Center Trades for $24M
The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick’s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.
Washington Capital Acquires Bethesda Office Property for $45M
The 1964-constructed building received a full renovation in 1997 and an Energy Star certification in 2010. A diverse set of tenants currently occupy 96 percent of The Fairmont Building.
Boston Mixed-Use Lands $315M Construction Loan
Madison Realty Capital will provide the financing, while Cain International will contribute most of the equity for the $400 million Raffles Hotels & Resorts tower in the Back Bay neighborhood.
MPT to Invest $1.6B in Multi-State Hospital Portfolio
To retire an existing term-loan debt, Prospect Medical Holdings entered into a sale-leaseback agreement with the trust. The deal involves assets in California, Connecticut and Pennsylvania.
With $4B Buy of IPT, Prologis Bulks Up in Key Markets
The all-cash transaction, which includes 37.5 million square feet of assets in 24 markets, will likely close in the fourth quarter.