Investment
ARC Affiliate Buys 154 KSF Office Building in Princeton, NJ, Area from Ivy
An affiliate of American Realty Capital has purchased 100 College Road West, a Class A office building in the Princeton submarket of Plainsboro, N.J., for $63 million from Ivy Realty.
LaSalle Buys 1.2 MSF Office Park in Indianapolis
A LaSalle Investment Management fund has made its first acquisition in Indianapolis, purchasing the 1.2 million-square-foot Precedent Office Park in the Keystone Crossing submarket.
Hertz Buys Bank of America Tower in Jacksonville from Parmenter for $88M
Hertz Investment Group has paid Parmenter Realty $88 million for the tallest building in Jacksonville, the 42-story Bank of America Tower.
Invesco Grabs 558 KSF Denver Office Building
Invesco Real Estate has snapped up Park Central, a 558,000-square-foot office property in Denver’s central business district, for a whopping $213 million.
TruAmerica Buys M-F Portfolio in Colorado, Washington for $229M
TruAmerica Multifamily continues building its West Coast apartment holdings with the $229 million acquisition of a 1,514-unit portfolio in Colorado and Washington from Berkshire Group.
INTERNATIONAL: Blackstone’s LogiCor to Acquire 18 Logistics Properties in Europe for $375M
In an approximately $375 million deal, Blackstone’s industrial arm LogiCor has agreed to expand its portfolio with the acquisition of 18 logistics facilities in eight European countries.
TA Associates Buys M-F Portfolio in Metro Phoenix for $75M
Two apartment complexes in metro Phoenix have been purchased by TA Associates for a total of $75 million.
Hugh Kelly: Key Issues from the CRE Top 10
Counselors of Real Estate 2014 Chair Hugh Kelly discusses some poignant considerations for real estate that are part of the annual top 10 list, presented at NAREE’s 48th annual conference, which took place in Houston in June.
Executive Spotlight: Josh Champion, Carroll Organization
Since joining the Carroll Organization three years ago, Josh Champion has dived headfirst into the task of growing its multi-family investment portfolio, now valued at more than $1 billion.