Investment
Granite Properties Grows Denver Tech Center Portfolio
The company acquired Regency Plaza for $71.3 million and revealed plans to make significant interior and exterior upgrades.
Finmarc Cashes In $52M for DC-Area Value-Add Play
After acquiring the 61,500-square-foot property five years ago, the firm implemented an extensive improvement plan and landed Trader Joe’s as anchor tenant.
Lincoln Property, Crow Holdings Pay $30M for San Diego Industrial Portfolio
The partnership intends to revamp the existing three buildings and redevelop parts of the property. The seller will lease back the asset.
Cushman & Wakefield Brokers Sale of New Jersey Industrial Building
The company represented both the seller and the buyer in the transaction of a last-mile industrial complex in Rockaway, N.J.
Lee & Associates Arranges Los Angeles Office Sale
Principals Jay Rubin and Scott Silverstein represented both parties in the transaction. The new owner intends to reposition the 50,234-square-foot Marin Corporate Center as a Class A medical office asset.
JLL Brokers Sale of Arizona Last-Mile Facility
The brokerage firm represented MRM Capital in the company’s sale of a 128,000-square-foot warehouse in Tempe, Ariz.
Blackstone Closes Largest Real Estate Fund Ever Raised
Blackstone Real Estate Partners IX has raised $20.5 billion in total capital commitments, with the largest investment placed in Global Logistic Properties’ U.S. industrial portfolio.
Angelo Gordon Raises $1.3B for Asia Fund
The alternative investment firm will target value-add and development opportunities primarily in Japan, South Korea, Hong Kong and mainland China.
Anbang to Sell US Hotel Portfolio in Record Deal
The Chinese insurer has agreed to sell a 15-property portfolio to a South Korean financial services firm.
Lexington Realty Buys Big, Eying E-Commerce
The $180 million portfolio transaction is part of the company’s plan to transition to a 100 percent industrial-focused net-lease REIT.