Deals
Real Capital Solutions Enters Philly Market
The company acquired Courthouse Square and Rockwood Office Park, two recently renovated office properties totaling more than 366,000 square feet in Wilmington, Del.
Rubenstein Partners JV Buys $121M Chicagoland Office Asset
The company purchased Continental Towers in a joint venture with GlenStar, the former owner of the property, which will remain as operating partner.
Harrison Street Sheds VA Medical Office Portfolio
With help from Avison Young, a joint venture between MBRE Healthcare and Kayne Anderson Venture acquired the three-building Ashburn Farm Professional Plaza in Loudoun County.
Real Capital Solutions Acquires FL Space Coast Office
AIG sold the 150,000-square-foot asset for more than $13 million. The buyer financed the acquisition with a five-year, $14.4 million loan.
U-Haul to Transform Retail into Storage Facility
The company plans to convert a former Kmart store in Ammon, Idaho, into a 900-unit climate-controlled self-storage facility. The asset is expected to open in 2019.
Maguire Hayden Snags Foreclosed PA Office Campus
Cassford Corporate Center in Berwyn, Pa., changed hands in a $9.3 million deal after Trinity Capital Advisors defaulted on a $21.6 million loan.
Transwestern Negotiates 112 KSF Leases in FL
The firm’s South Florida team represented the landlord in leasing Class A industrial spaces to four different tenants at Seneca Industrial Park in Broward County.
EverWest Snags $43M San Diego Office Asset
Cushman & Wakefield Capital Markets represented the seller, an affiliate of Cruzan, in its disposition of DMcp, a 74,402-square-foot creative office property that recently underwent $4.4 million in renovations.
TH Real Estate Sells Stake in Boston Tower for $210M
The investment manager sold a 49.9 percent interest in 501 Boylston St., a 610,000-square-foot office and retail property, to Norges Bank Real Estate Management.
Top 10 Office Transactions in the Southern US
More than 30 assets totaling 4.7 million square feet changed hands this year for an average of $131 per square foot. Investment activity was concentrated in Nashville, while Birmingham continues its descending trend.