Investment
Lee & Associates Closes $11M Simi Valley Sale
The R&D facility traded at one of the highest per-square-foot prices for the product class in the region.
JV Sheds Philly-Area Office Asset
Taconic Capital and Cohen Equities sold the 165,000-square-foot property in King of Prussia, Pa., which sits close to the country’s largest mall.
Pebb Capital Buys Historic Delray Beach Property
The $40 million transaction includes a proposed mixed-use development dubbed Sundy Village, which is part of a Qualified Opportunity Zone.
South Florida Shopping Center Sells for $18M
The 262,632-square-foot retail asset is 8 miles southwest of downtown Palm Bay. Institutional Property Advisors represented the seller and procured the buyer in the deal.
Quantum Real Estate Arranges Sale of North Carolina Retail Asset
Senior Vice President Daniel Waszak assisted the seller in the disposition of the 9,000-square-foot shopping center in Winston-Salem.
21st-Century Makeover Eyed for 1920s Manhattan Tower
A partnership of Tribeca Investment Group, PGIM Real Estate and Meadow Partners plans a $300 million upgrade for the Midtown South property.
Carey Watermark Announces $4.6B Merger
The company’s two hospitality REITs will combine through an all-stock deal to form Watermark Lodging Trust.
Suburban Portland Office Property Changes Hands
National Loan Acquisitions Co. paid $6.5 million for the Tigard property.
George Oliver Buys 2 Arizona Office Assets for $39M
The company is planning to spend an additional $14 million to transform the downtown Chandler properties into a creative office portfolio.
Zaragon Buys Orlando Office Building
The fully leased asset, part of the Central Florida Research Park, sold for double the price it was acquired for in 2017. A JLL team assisted the seller in the disposition.