Investment
Blackstone Provides Loan to Refi 59-Building Office Portfolio in Silicon Valley for $300M
The existing debt on a 59-building office/R&D portfolio totaling 2.4 million square feet in five Silicon Valley submarkets has been refinanced with a $300 million loan from Blackstone Mortgage Trust.
American Society of Radiologic Technologists Debuts $8.5M Expansion
In October 2011, The American Society of Radiologic Technologists was announcing the incipient stages of renovation of its Albuquerque office. The construction project included the addition of 30,000 square feet to the existing building.
MIPIM Special Series — Part Three: Europe
Associate editor Eliza Theiss presents a focus on the European real estate market, the third in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.
KBS REIT III Buys Three-Property Office Portfolio for $269M
KBS Real Estate Investment Trust III has kicked off summer with its largest purchase of the year. The REIT just completed the $269 million acquisition of a 1 million-square-foot group of three office properties in Dallas and suburban Washington, D.C., known as the National Office Portfolio from CBRE Global Investors.
USAA Sells 5 MSF Industrial Portfolio to Duke
Duke Realty Corp. continues boosting its industrial holdings with its latest acquisition – a nearly 5 million-square-foot, Class A, eight-property portfolio sold by USAA Real Estate for $311 million.
KBS Buys $86M Denver Office Complex
KBS Strategic Opportunity REIT has purchased the Westmoor Center office complex in the Westminster submarket for $86 million.
Equity, Blackstone Sell New England Executive Park for $216M
The New England Executive Park, a 10-building office park in suburban Boston with more than 1 million square feet and approved for another 750,000 square feet of new development, was acquired for $216 million by Charles River Realty Investors and National Development.
$127M in Financing Closes for 37-Property CRE Portfolio
It has a little bit of this and a little bit of that, and now it has $127.5 million in financing. A 2.3 million-square-foot portfolio encompassing 37 industrial, office and retail properties in metropolitan Philadelphia and Melbourne, Fla., has landed a three-year loan provided by Natixis Real Estate Capital.
Grossman Co. Receives $88M Financing for Arizona Grand Resort
Grossman Company Properties has secured $88 million in financing for its 740-key, all-suite Arizona Grand Resort located in Phoenix.
Griffin-American Buys 21 Buildings in Five States for $141M
Griffin-American Healthcare REIT II has acquired 21 healthcare-related buildings in five states for $141.3 million, pushing the REIT co-sponsored by American Healthcare Investors and Griffin Capital Corp. to an overall portfolio value of $1.6 billion.