Deals
Harbor Buys 2 Office Campuses in SoCal Suburbs
In separate cash transactions totaling $56 million, the value-add real estate investment company acquired Valencia Gateway and Conejo Corporate Campus, two properties totaling 356,100 square feet.
Branch Properties Snags 2 KY Shopping Centers
In a deal brokered by Mid-America Real Estate Corp., Weingarten Realty sold Tates Creek Centre and Millpond Center, two Kroger-anchored retail assets in Lexington.
Forest City Sells Pittsburgh Mall
The nearly 900,000-square-foot regional mall is part of a larger, 10-property retail portfolio, as the firm continues to shed its shopping center assets.
VA Office Asset Trades, Awaits Conversion
Avison Young brokered the sale of a recently rezoned property in Tysons, Va., which will serve as a self-storage facility.
Transwestern Closes CA Office Campus Sale
The complex comprises 46,935 square feet across four buildings in Lafayette. The site is within close proximity to BART and Highway 24.
JLL Brokers Sustainably Designed Self-Storage Sale
The 951-unit, Class A facility, Ben White Self Storage, received a four-star rating from the Austin Energy Green Building program.
Northwood Buys NYC Office Tower for $305M
The seller, Chinese conglomerate HNA Group, reportedly faces a looming liquidity crisis and is looking to dispose of $16 billion in assets worldwide.
Luxury Sarasota Resort Commands $171M
Ashford Hospitality Prime has agreed to purchase the 266-key Ritz-Carlton hotel, reflecting the REIT’s strategy of acquiring institutional-quality assets in high-growth markets across the U.S.
HFF Arranges $160M Sale, Loan for Philly Office Tower
Acting on behalf of Equity Commonwealth, the firm arranged the disposition of the 826,000-square-foot building at 1600 Market St., and secured acquisition financing for the buyer, an affiliate of American Real Estate Partners.
Gramercy Sells $43M FL Office Portfolio
Plantation Corporate Center I and II comprise just under 240,000 square feet of rentable space and are leased through 2021.