Deals
Sterling Bay Enters Miami With Creative Office Project
The Chicago-based company and its partners acquired a site in the Wynwood neighborhood for roughly $19 million and plan to begin construction of a 10-story, Class A project.
Twenty Lake Holdings Purchases Foreclosed Office Assets in VA
The seller, Massachusetts Mutual Life Insurance Co., came into possession of the Class A WillowWood III and IV in March 2016.
Inland Empire Office Changes Hands
CIP Real Estate traded the building, which contains more than 70,000 square feet of Class A space, for upwards of $20 million.
Thor Equities Sells Retail Space in Downtown Chicago
The buyer, Jenel Management Corp., paid $26 million for the two-story shopping center which is currently leased to Verizon, T-Mobile and Blick Art Materials.
Goldman Sachs JV Pays $83M for Orange County Office Campus
The five-building property—encompassing more than 300,000 square feet of Class A office space—last changed ownership in late 2005 for $68 million.
Lincoln Property JV Acquires San Francisco-Area MOB
LPC West and Angelo Gordon teamed up to purchase a medical office building in Burlingame, Calif., that has more than 100,000 square feet.
Plymouth Industrial Closes Stock Sale, $97M Portfolio Purchase
The REIT sold $75 million worth of shares to Madison International Realty and used a portion of the proceeds to acquire a 1.1 million-square-foot group of assets in Jacksonville, Fla.
Piedmont Expands Boston Portfolio With $74M Acquisition
The REIT also sold a Glendale, Calif.-based office property, sticking to its strategy of selling select non-core and mature assets at low yields and reinvesting proceeds into strategic markets.
Cushman & Wakefield Arranges Sale of NJ Office Complex
The two-building Ibis Plaza encompasses 119,000 square feet of collaborative spaces, office suites as well as an event venue in the Princeton Corridor.
Swift Real Estate Acquires San Francisco Office Building
The buyer funded the transaction with an acquisition and development loan from a private lender. The 1912-built historic property is almost fully leased.