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Rockefeller Group, Mitsubishi Sell Boston Trophy Tower
TA Realty arranged the $418 million sale of 28 State St., a 479,000-square-foot office building in the city’s Financial District. According to published reports, Heitman Capital Management is the new owner.
Keystone Property to Build Philly Corporate HQ
SORA West, the transit-oriented development the company is developing in Conshohocken, Pa., is set to become the corporate headquarters of Fortune 500 company AmerisourceBergen.
The June digital issue of CPE is now available!
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read or click on individual articles below for an in-depth look at the topics that most interest you.
JLL Spark Forms $100M Global Venture Fund
The new vehicle will focus on tech startups that help JLL investor and occupier clients or that invent new technology-enabled business models in the company’s traditional service areas.
Chesapeake Lodging Trust to Sell SoCal Hotel for $90M
The planned disposition of the Hyatt Centric Santa Barbara comes five years after the REIT acquired the 200-key destination for $61 million.
Duke Realty Builds 635 KSF Warehouse in Dallas
The REIT is developing a 635,000-square-foot bulk distribution facility in Flower Mound, Texas, most of which will be occupied by PPG Industries.
Rockpoint Group Buys 5-Building OC Office Asset
This transaction marks the largest office sale this year in Orange County for NKF Capital Markets, which represented the seller of the 479,450-square-foot property in Aliso Viejo, Calif.
CLG Hedge Fund Originates $105M Construction Loan for TX Hotel
The Sam Moon Group broke ground on the Hyatt Regency Stonebriar, an 18-story, 303-key hotel that will be built on to the Stonebriar Center mall and feature a conference center and public library.
Ground Breaks on $115M Hotel in Charlotte
Adding to the city’s growing lodging portfolio, The Kessler Collection will develop the luxury, 254-key Grand Bohemian in the thriving Uptown submarket.
SLC Office Campus Changes Hands
The Muller Co. has teamed up with Cerberus Capital Management to acquire Canyon Park Technology Center, a 924,634-square-foot campus in Orem, Utah.