Investment
Bulls Outnumber Bears in CRE C-Suites
Though it acknowledges a wide variety of obstacles and headwinds, Akerman’s annual survey indicates a perhaps surprising degree of optimism among executives.
PA Self Storage Asset Trades for $13M
Cushman & Wakefield represented the seller, Vertical Fields, in the disposition of an 82,116-square-foot asset in Clifton Heights. CubeSmart was tapped to manage the facility.
Prime Silicon Beach Office Building Recapitalized
Olive Hill Group has partnered with Artemis Real Estate Partners on a roughly 113,000-square-foot creative office asset in downtown Santa Monica, Calif.
Armada Hoffler to Buy Baltimore Asset for $101M
The REIT will acquire Thames Street Wharf, a trophy office tower along the waterfront in the city’s popular Harbor Point development, from KBS.
HBC Plans $1.5B Sale of German Retail Holdings to JV Partner
The deal comes as HBC and other shareholders, including WeWork Property Advisors, offered a plan to take the Canadian-based retail company private.
DivcoWest JV Sells San Jose Office Asset for $230M
Completed in 1989, the 350,000-square-foot Class A tower last changed hands in late 2015, when it traded for $165.5 million.
Stos Partners Sells Brandywine Distribution Center in San Diego
KKR and Alpha Industrial Properties acquired the 170,011-square-foot multi-tenant asset for $24.4 million. Cushman & Wakefield facilitated the transaction on behalf of the seller.
Eastdil Secured to Go Private in Management Buyout
The financial services firm will sell its majority stake to Eastdil Secured’s management in partnership with Temasek Holdings and Guggenheim Investments. The deal is expected to close later this year.
RioCan to Acquire Full Ownership of 1 MSF Toronto Mixed-Use Asset
The deal consolidates the company’s ownership of Yonge Sheppard Centre while also giving the seller, KingSett Capital, a $75 million stake in the investment trust.
Kingsbarn Realty Capital Sells CA Asset
Boyd Watterson Asset Management purchased the 77,790-square-foot office building located in Camarillo for $15.6 million. The fully occupied asset came online in 1985.