Investment
WashREIT to Sell Office Portfolio for $766M
The company plans to divest the properties in Washington, D.C., and Northern Virginia as it moves to become a pure-play multifamily REIT.
Why CRE Investors Are Ready to Leave the Sidelines
As the pandemic-induced wariness is coming to an end, buyers should not expect discounts, particularly for core office product.
JV Lands $500M Financing for Lower Manhattan Revamp
Nightingale Properties and Wafra Capital Partners will use the acquisition and construction loan to reposition an iconic 25-story tower.
Jera Asset Management, Invesco Real Estate Form JV
The REIT plans to invest as much as $3 billion in distribution centers, logistics properties and cold storage facilities over the next several years.
NYC Market Update: Office Investment Remains Depressed
Transaction volume in the first four months of 2021 shrunk to less than one-third of last year’s figure.
Madison International Buys Stake in London’s Salesforce Tower
The New York-based real estate private equity firm acquired a minority interest in the asset, becoming a partner with developer Heron International and other investors.
Savills Acquires T3 Advisors
The expansion will boost the company’s global life science and technology industry advisory services.
Ulster County’s Transformation Agenda
Public and private organizations are regenerating the county’s towns, improving the areas where people live, work and unwind.
Newport National Corp. Sells San Diego Campus for $68M
The office property covers 21 acres in the Scripps Ranch submarket.
Historic New Jersey Industrial Complex Trades
The seven-building property off Interstate 80 in Paterson is close to Manhattan, a major international airport and the Port of New York & New Jersey.