Investment
BKM Capital Partners Hits Milestone With $111M Las Vegas Buy
The purchase of the 13-building industrial property marks the California firm’s largest to date. Pacific Business Center was 85 percent leased at the time of sale.
Longfellow Stretches Footprint With $205M Bay Area Buy
The investor’s latest deal increases its holdings to 4.7 million square feet nationwide. KBS, the seller, continues its streak of high-octane dispositions.
Orlando-Area Shopping Center Sells for $12M
Corporate Property Group Inc. sold the three-building asset completed in 2018. SRS Real Estate Partners negotiated the deal on behalf of the seller.
Chesapeake Agrees to Sell NYC Hotels for $138M
The two Hyatt-branded Manhattan properties are slated to change hands in September, prior to the trust’s prospective $2.7 billion merger with Park Hotels & Resorts Inc.
Washington REIT Sells $485M Retail Portfolio
First Washington Realty acquired the 800,000-square-foot group of five grocery-anchored shopping centers in high-income neighborhoods of the Washington, D.C., area.
KBS Sells Raleigh Office High-Rise
The Class A asset last traded in 2013, when a joint venture that also included Kane Realty Corp. shelled out $98.4 million.
Harbor Group Buys South Florida Office for $33M
The roughly 101,000-square-foot asset in Sunrise traded for the first time in a decade. The new owner intends to perform capital improvements at the three-story building.
Global Mutual Buys Triangle Office Park for $81M
BBVA Compass Bank provided the buyer of the nearly 430,000-square-foot Class A research campus with a five-year, $61.6 million acquisition loan.
Sector-by-Sector Real Estate Review
Commercial real estate investors hope for the best as downturn looms.
Foreign Investment Moves Beyond the Gateways
Lofty prices and compressed yields are causing global buyers to prospect in other lucrative, business-friendly states such as Texas and Florida.