Investment
Miami Office Building Trades for $14M
Key International sold the 11-story Class A asset located near the Health District. Institutional Property Advisors negotiated the deal on behalf of the seller.
Holloway Lodging Buys 3 Vacant Houston Office Buildings
The assets changed hands for a combined $13.2 million. BH Properties sold two buildings totaling some 235,000 square feet, while Stream Realty Partners traded a 198,000-square-foot property.
Beacon Capital Makes $600M Sale-Leaseback Deal
An affiliate will buy the San Francisco headquarters of Zynga, the online gaming company, which will then lease about one-quarter of the Class A property.
Easterly Government Properties Buys FBI’s New Orleans Office
The 137,679-square-foot building, which houses the government agency’s field office in New Orleans, was built for the FBI 20 years ago.
Hillwood Expands Metro Atlanta Presence
The company purchased a 100,000-square-foot warehouse in Norcross for $6 million, marking the its second acquisition in the Atlanta market this year.
Metro Orlando Retail Center Trades for $18M
Consolidated-Tomoka Land Co. sold the gym-anchored, 112,351-square-foot shopping mall in Winter Park, Fla. HFF assisted the seller in the disposition.
Armada Hoffler Buys 2 VA Retail Centers for $105M
The REIT enhances its already strong presence in Virginia Beach by nearly 500,000 square feet with the addition of Red Mill Commons and Marketplace at Hilltop.
KBS Sells 580 KSF St. Louis Office Property
Lingerfelt CommonWealth Partners has acquired the two-building campus in neighboring Clayton, Mo., the seat of St. Louis County.
Blackstone Pursues Multibillion CRE Fund
The investment management giant is planning to raise $5 billion for its latest real estate debt fund.
Starwood REIT Buys Jacksonville Office Portfolio for $231M
In a joint venture with affiliates of Vanderbilt Office Properties and Trinity Capital Advisors, the non-traded REIT acquired a 1.3 million-square-foot collection of Class A properties in Deerwood Park.