Investment
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.
Institutional Insights: Return to Core Values
As market volatility mounts, these investors are shifting their property type and geographic exposures and taking advantage of the latest proptech innovations.
Strategic Storage Trust IV Buys Seattle-Area Facility
The REIT expanded its footprint with a 350-unit storage asset in Redmond, Wash. The six-building property changed hands for $11.5 million.
1031 Investor Chases Retail Yield in the Inland Empire
CBRE orchestrated a complex deal that resulted in its client’s purchase of Menifee Town Center and The Barn at Wildomar from separate sellers and the disposition of a Hollywood property.
Colony Capital’s Barrack to Step Back After $325M Merger
The firm has acquired Digital Bridge Holdings, whose CEO, Marc Ganzi, will succeed Colony’s high-profile founder. The deal is poised to create a $60 billion global asset manager.
KBS Sells South Florida Office Asset for $72M
Financial Center at the Gardens, a 10-story Class A building, is reportedly almost fully occupied. The asset last traded in 2015.
LaSalle Buys Orange County Asset for $55M
While Hutton Centre was renovated in 2002 and 2012, the new owner plans to further invest in new amenities and common-area improvements.
Stanton Road Capital Acquires Chicago Office Tower
The 22-story property at 200 S. Michigan Ave. in the city’s East Loop is also known as the Borg-Warner Building.
Miami Tower Changes Hands in $126M Deal
A RREEF Property Trust fund sold 800 Brickell after almost five years of ownership. The office asset also includes 30,800 square feet of retail and an adjacent nine-story parking facility.
Top 5 Sacramento Office Transactions
More than 2 million square feet of space changed hands in the metro year-to-date through June for a combined $447.4 million, according to Yardi Matrix data.