Deals
Top 5 Office Portfolio Transactions of 2017
Throughout the past year, the U.S. office transaction volumes softened, but this didn’t stop institutional investors such as Duke Realty, BlackRock or JPMorgan to trade massive portfolios at high prices, Yardi Matrix data shows.
Rockwood Capital Buys Bay Area Office Park
NKF Capital Markets represented Invesco in the sale of Growers Square, a three-building, 195,372-square-foot Class A development in downtown Walnut Creek.
Hersha Sells Manhattan Hotel for $32M
The firm traded the 81-key Hampton Inn Financial District as part of its capital recycling program. Solid Rock Advisors advised Hersha on the sale.
1788 Holdings Acquires PA Industrial Asset
Riverside Business Center in Whitehall comprises 423,900 square feet and was 87 percent leased to 11 tenants at the time of sale.
Calida Grows Vegas Portfolio With 180 Units
New ownership will use part of the loan received from PCCP LLC to renovate the community. Hampton Garden is located in the Summerlin/Spring Valley area, a top-performing submarket.
Crocker Fund Sells Palm Beach Office Asset
Kinsale Partners acquired the 27,600-square-foot building, which was 62 percent occupied at the time of sale. HFF represented the seller.
Law Firm Relocates from Downtown Orlando
Estes, Ingram, Foels & Gibbs has leased more than 10,000 square feet at Maitland Forum, a 267,000-square-foot office building located just two miles from Interstate 4.
Cushman & Wakefield Arranges 600 KSF Industrial Sale
Situated in Florida’s booming Interstate 4 corridor, CenterState Logistics Center features new tilt-wall construction, 36-foot clear heights and cross-dock loading options.
Hawaii Hotel Fetches $200M
Continuing its portfolio upgrade, Xenia Hotels & Resorts sold its leasehold interest in the 693-key Aston Waikiki Beach Hotel in Honolulu, four years after acquiring the property for $183 million.
Property Management Firm Doubles NJ Office Presence
Constructed in 1984, the building contains nearly 90,000 square feet along Interstate 287 and is leased to a mix of tenants.