Deals
DRA Advisors JV Buys San Francisco Office Park for $265M
Marina Village’s new owners have tapped JLL to spearhead leasing and are primed to transform 200,000 square feet of the 1 million-square-foot property’s available offerings into premier life sciences space.
W.P. Carey, Extra Space Storage Strike Net-Lease Deal
The transaction covers agreements for 36 self storage properties, most of which W.P. Carey acquired in its merger with CPA:17 last year.
Waterman Interests, USAA Real Estate Sell NYC Towers for $138M
The partners owned the two office buildings in Manhattan’s Midtown West neighborhood for four years. Qatar-based Alduwaliya is the new owner of the nearly fully leased assets.
Las Vegas Office Asset Changes Hands for $20M
The 58,950-square-foot Crossing Business Center VII previously traded less than a year ago, when Moonwater Capital purchased it as part of an $82.8 million, seven-building portfolio transaction.
Broad Street, MedAmerica Strike Merger Deal
MedAmerica, which has focused on medical office buildings since a name and strategy change in 2017, will be part of a new company with a 2 million-square-foot retail portfolio.
Denver Office Building Changes Hands
Stabilis Capital Management sold Monaco Tower after holding it for five years. The property is located within 7 miles of downtown.
Urbanspace Buys The Independent’s Entire Ground Floor
The acquisition marks the company’s 20-year presence in Austin and also launches them into the neighborhood coffee shop and bar business.
Metro Miami Distribution Facility Trades for $38M
ASB Capital Management has purchased the 221,542-square-foot asset in Fort Lauderdale. CBRE assisted the seller, Bridge Development Partners, in the transaction.
Top 10 Office Transactions in Atlanta
Transaction activity during the first five months of 2019 was dominated by suburban office properties. The Buckhead, Galleria and Alpharetta submarkets attracted the most investor interest.
Blackstone to Double US Industrial Footprint in Record $18.7B Deal
The company agreed to purchase assets from three GLP funds, building on growing e-commerce demand. The deal is being called the largest-ever private equity real estate transaction.