Investment
San Francisco Emblem Transamerica Pyramid to Reportedly Sell for $700M
An investment group led by Michael Shvo has purchased the iconic tower for more than $700 million, according to Bloomberg.
Denver City Center Gets New Owner
Shorenstein Properties sold the two-building downtown development after holding the property for seven years.
BKM Capital Partners Buys $425M Industrial Portfolio
The institutional fund manager teamed up with Canyon Catalyst Fund for part of the 11-property purchase.
Iconic Miami Beach Hotel Trades for $120M
King Street Real Estate, Westdale Properties and Cedar Capital Partners joined forces to purchase the oceanfront building.
Longfellow Acquires Research Triangle Portfolio for $65M
The five buildings are located in Perimeter Park, a 3 million-square-foot office campus.
TA Realty Sells Rhode Island Shopping Center for $181M
A joint venture purchased the Whole Foods-anchored, 530,629-square-foot retail asset in Greater Providence.
Highwoods Properties’ North Carolina Assets Reel In $233M
As part of its Greensboro-area exit strategy, the REIT sold a 2.8 million-square-foot industrial portfolio and arranged the disposition of a 250,000-square-foot office complex.
Boyle Investment Sells Nashville Retail Center for $45M
The property is anchored by one of the four Trader Joe’s locations in Tennessee.
Experiential Retail: What You Need to Know in 2020
How can immersive experiences breathe new life into obsolete shopping centers and what are the cash-flow considerations for such projects? Martin Zurauskas, managing director for nFusion, has some ideas.
CPE Announces the 2019 Executives of the Year
Now in its 23rd year, the CPE Executive of the Year Awards program is adjudicated by a peer vote among leading executives from across the commercial real estate industry and based on accomplishments in the past year. Here’s what made the winners stand out.