Investment
Value-Add Play Wins $64M in Suburban Los Angeles
As demand grows for big blocks of office space, Griffin Capital Essential Asset REIT emptied 2160 Grand Ave. in El Segundo, Calif., and sold the 151,300-square-foot building to SteelWave.
Angelo Gordon JV Sells Tampa Office Portfolio for $157M
The five-building collection includes WeWork Place, a 19-story tower that occupies an entire city block.
Prologis, Norges Buy $2B Logistics Portfolio
The partnership’s purchase of 19 million square feet of logistics properties in markets across the U.S. follows a string of blockbuster industrial deals.
SVN | KOVA Arranges Fort Myers Office Deal
SVN|KOVA and KOVA Property Management have been managing Alico Business Center since 2016, doubling its occupancy in two years.
Class A Atlanta-Area Office Property Sells for $11M
NAI Brannen Goddard represented Pinnacle Cos., the seller of the 109,000-square-foot asset.
Douglas Emmett Commits More Deeply to CRE Fund
In a deal worth $95 million, the REIT brought its ownership stake in an existing unconsolidated real estate entity to nearly 90 percent.
Newmark Knight Frank Represents Nordblom Co. in Boston-Area Acquisition
Executive Managing Director Michael Frisoli brokered the $6.4 million transaction. Jam Holdings Inc. was the seller.
Americold Realty Trust’s $308M Expansion
The REIT’s agreement to acquire Nova Cold Logistics, a Canadian cold-storage operator, coincides with Americold’s purchase of two facilities in the Mid-Atlantic region.
Charlotte Creative Office Building Trades for $32M
White Point sold Bowers, a creative office and retail development in Charlotte’s South End.
CBRE 2020 CRE Outlook Is Optimistic
A growing economy and jobs market combined with low interest rates and solid consumer confidence point to another strong year, according to CBRE researchers.