Investment
KBS Buys 200 KSF Office Building in Suburban Philadelphia for $63M
KBS Capital Advisors acquired the 205,400-square-foot 1000 Continental Drive in suburban Philadelphia property from private equity real estate fund manager Equus Capital Partners for $63 million.
Auction.com to Auction Woolworth Building in Downtown LA
The historic Woolworth Building at 719-725 South Broadway in downtown Los Angeles will go up for auction on March 10, according to Auction.com.
CBRE Global Investors Buys 330-Unit Apartment Complex in Atlanta from Equity Residential
CBRE Global Investors has boosted its Atlanta multi-family portfolio with the purchase of Alexander on Ponce, a 330-unit apartment complex in the city’s Midtown submarket, from Equity Residential.
IMMOFINANZ-Owned BUWOG to Buy 18K-Unit Portfolio in Germany for $1B
BUWOG, the subsidiary of IMMOFINANZ Group, one of the largest entities of its kind in Europe, is giving the German multi-family market a boost by acquiring an 18,000-unit portfolio for $1.2 billion.
George Smith Partners Secures $51M in Construction Financing for M-F Project in Las Vegas
George Smith Partners has arranged $51 million in construction financing for the development of Elysian at the District, a 360-unit Class-A multi-family community in Las Vegas, on behalf of a joint venture between The Calida Group and Cypress Equity Investments.
Sunrise Medical Campus Sells 3-Building Property Near Tacoma
With the assistance of Jones Lang LaSalle’s Capital Markets Group, the ownership team of Sunrise Medical One and Sunrise Medical Two sold Clise Properties for $407 per square foot.
Vornado to Sell Broadway Mall in Hicksville, NY, for $94M
Vornado Realty Trust has entered into an agreement to sell Broadway Mall in Hicksville, N.Y., on Long Island, for $94 million.
CBRE Renews, Expands Relationship with Bank of America Merrill Lynch
The strength of CBRE Group Inc.’s association with Bank of America Merrill Lynch has gotten even stronger. The commercial real estate services firm just renewed and expanded its relationship with the global financial services company to include new territory.
Silverstone Sells M-U Apartment Tower in Manhattan for $100M
Owner-developer and affiliate of Madison Realty Capital, Silverstone Property Group has sold 247 E. 28th St., also known as The Grayson, for $100 million.
AvalonBay Sells 268-Unit Apartment Community in Danbury, Conn., for $53M
Fifteen years after developing Avalon Valley, a 268-unit apartment property in Danbury, Conn., AvalonBay Communities has sold the asset to Ergs Konover/Outlook Holdings for $53 million.