Deals
Pair of NJ Office Buildings Trade for $21M
Alma Realty acquired the buildings out of REO through a sale arranged by CBRE, after the previous owner defaulted on a $24.1 million loan. The assets are 77 percent leased and offer 41,400 square feet of vacant space.
London Mixed-Use Building Commands $237M
Tishman Speyer sold 100 New Oxford St., an office and retail building totaling more than 106,000 square feet, to a joint venture between Thor Equities and AEW.
San Jose Office Building Trades for $50M
Menlo Equities sold a 180,000-square-foot building in Milpitas, Calif., to Nazareth Enterprises. At the time of sale, the asset was fully leased to Johnson & Johnson Vision.
Southern Power Acquires Cactus Flats Wind Facility
The 148-megawatt wind project will consist of 43 Vestas wind turbines and is slated for completion in the third quarter of 2018.
HSA, USAA Buy 46 KSF MOB
Colliers represented the seller of the Class A building—anchored by North Clinic—in Plymouth, Minn. The commercial real estate services firm will also spearhead leasing efforts.
Divaris Arranges Sale of Historic Annapolis Building
In addition to facilitating the $2.3 million deal, the company also completed a lease negotiation in Arlington, Va. Divaris’ leasing and management portfolio in the Mid-Atlantic and South-Central U.S. exceeds 30 million square feet.
Urstadt Biddle Invests in NJ Shopping Center
The company acquired an equity interest in a new partnership that purchased the 75,400-square-foot, mixed-use Washington Commons Shopping Center in Dumont, N.J. The property encompasses retail, restaurant and apartment units.
JV Nabs 423 KSF San Antonio MOB Portfolio
Artemis Real Estate Partners, Ackerman & Co. and MLL Capital plan to invest $27 million to renovate and lease four buildings, which total 423,411 square feet.
CBRE Closes Bay Area Industrial Sale
4 FACEB Investment LLC nabbed the 75,414-square-foot asset in one of the world’s most expensive logistics markets. The warehouse is within a mile from the Oakland Airport and a 15-minute drive from the Port of Oakland.
JLL Lends a Hand in Iconic NYC Hotel Sale
Highgate and the Rockpoint Group are the new owners of the 168-key Royalton in the heart of Midtown Manhattan.