Deals
Vornado Sells LA Office Asset for $148M
The company sold 800 Corporate Pointe, a four-story, 245,786-square-foot building in Culver City, Calif., to Northwood Investors. NKF’s Capital Markets team represented the seller in the transaction.
Topson Downs Leases 443 KSF Inland Empire Warehouse
DAUM Commercial Real Estate Services represented the tenant in the transaction. The 10-year lease was completed for a total consideration of $30 million.
Allianz, Columbia Team Up on $421M DC Purchase
HFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
Columbia Expands NYC Portfolio With $514M Office Buy
Neither of the buildings in the portfolio has any near-term capital needs, both being fully and attractively renovated in recent years. 245-249 W. 17th St. and 218 W. 18th St. house the headquarters of Twitter and Red Bull, along with several other tenants.
Grander Capital Buys into MA Office Campus
A joint venture between Grander Capital Partners and North Colony Asset Management purchased Heritage Point, a 160,912-square-foot building located within the Heritage Landing office campus in Quincy, Mass.
Dropbox Inks Largest Single Office Lease in San Francisco
Kilroy Realty signed the global collaboration platform company to the 750,000-square-foot development, the largest deal of its kind ever executed in the Bay Area.
CIT to Leave Reverse Mortgage Business
The sale of Financial Freedom, CIT’s reverse mortgage servicing business, and its $900 million portfolio is expected to close in the second quarter of 2018.
Arch Street Closes Salt Lake City FBI Office Sale
The 169,542-square-foot mission critical facility is 100 percent leased to the United States General Services Administration on behalf of the FBI.
TA Realty Snaps Up Ft. Lauderdale-Area Facility
The business park is close to major Florida thoroughfares and is 100 percent leased to a mix of notable tenants.
CBRE Brokers 255 KSF Lease for Weiman
The tenant will occupy the entire building at 705 Tri-State Parkway in Gurnee, Ill., following a lease expansion of 100,418 square feet.