Deals
EverWest, Partners Group Acquire $110M CA Office Campus
Burlingame Bay Office Park comprises two Class A buildings totaling 260,000 square feet. NKF Capital Markets arranged $81.5 million in financing for the purchase and repositioning of the asset.
AccorHotels to Buy $319M Stake in sbe
The partnership deal calls for the French travel and lifestyle group to acquire a 50 percent interest in the Los Angeles-based luxury hospitality company.
Strive Logistics Relocates Chicago HQ to NEWCITY
The transportation service company is set to occupy the new space this fall. CBRE negotiated the lease on behalf of the tenant and landlord.
Bellomy & Co. Brokers Sale of Houston Facility
The company represented both the seller and the buyer in the transaction, which was financed by a $1.9 million loan originated by Wells Fargo Bank.
Boston-Area Retail Asset Changes Hands for $6M
Built in 1958, the fully occupied property is within a 40-minute drive north of downtown Boston and comprises 30,000 square feet.
Velocis, Katz Acquire MD Retail Center
Brandywine Crossing comprises roughly 231,000 square feet and is anchored by four major retailers. This purchase marks the firm’s fifth investment in the Washington, D.C., metro.
Baceline Investments Grows Retail Portfolio
The firm purchased four shopping centers located in Wisconsin, Texas, Tennessee and Utah, spending a total of $18 million on 131,000 square feet of leasable space.
Sun Life Offloads NC Office Portfolio
The transaction, valued at more than $30 million, includes approximately 223,000 square feet near Raleigh-Durham. The seven buildings in the deal will soon undergo renovation work.
Merit Hill Buys Texas Storage Facility
The company has expanded its portfolio with a 782-unit self-storage asset located in Baytown, a suburban city nearly 30 miles from downtown Houston.
ASB Real Estate Acquires Miami Industrial Facility
Terreno Realty Corp. sold the asset on behalf of the Allegiance Real Estate Fund, its $6.9 billion core vehicle. The building is 100 percent leased on a long-term basis to Synergy Custom Fixtures.