Deals
FCP, Fairfield Properties Acquire NY Lone Star Portfolio
The joint venture paid $472.5 million for the seven properties, which encompass 1,496 apartment units. FCP provided $100 million in preferred equity investment toward the acquisition.
Hines Buys 430 KSF Campus in San Francisco Bay Area
Oakmead West, a complex of office/R&D buildings in Sunnyvale, last changed hands in 2013, when Deutsche Asset & Wealth Management acquired it for $119 million.
South FL State Agencies Ink 19 KSF Leases
The Florida Department of Corrections and the Florida Department of Children and Families are the newest tenants at Lauderdale Marketplace in Lauderdale Lakes. Berger Commercial Realty/CORFAC International arranged both leases.
Piedmont Sells DC Office Asset for $170M
The Class A, nine-story property’s tenant roster includes several government tenants. The previous owner renovated the building five years ago.
Liberty Property Trust Sells DC Asset for $62M
Cushman & Wakefield facilitated the sale of a 147,000-square-foot, 12-story office property. The building recently underwent renovations that yielded a new lobby, conference room and fitness center.
Midtown Manhattan Office Reaches Full Occupancy
The Domestic and Foreign Mission Society of the Protestant Episcopal Church owns the 11-story building, now the home of H&D Physical & Occupational Therapy.
Stockbridge Sells San Diego Office Asset for $39M
Cushman & Wakefield represented the seller in its disposition of Mesa View Plaza, a fully leased, five-story property in the suburb of Kearny Mesa.
Direct Energy Leases 106 KSF in Houston for New HQ
The energy retailer is set to occupy two floors at 2 Houston Center. CBRE negotiated the deal on behalf of the tenant.
CBRE Arranges NC Industrial Sale
Executive Vice Presidents Patrick Gildea and Randy Getz, Senior Associate Matt Smith and Senior Financial Analyst Grayson Hawkins represented the sellers.