Investment
Washington-Area Office Asset Commands $153M
USAA Real Estate Co. bought the highly secured Class A property in Arlington, Va. The building is 99 percent leased to the U.S. government.
EXAN Capital Buys DC Trophy Office Asset for $119M
Akridge and Alcion Ventures sold the 104,000-square-foot property at 1701 Rhode Island Ave. NW, formerly known as the YMCA National Capital building. Coworking giant WeWork occupies the entire structure.
DivcoWest Buys NYC Trophy Building for $310M
The company has added a second Manhattan office asset to its portfolio with the acquisition of a 283,700-square-foot tower from Boston Properties.
JLL Income Property Trust Pays $90M for San Diego MOB
Genesee Plaza is a two-building campus in the city’s University Town Center, close to the University of California, San Diego and Scripps Hospital campuses.
Sacramento LEED Platinum Office Asset Commands $127M
The Evergreen Co. purchased the 385,844-square-foot Class A high-rise in the city center through a partnership with UAIC Development Corp.
Ryan Cos. Acquires MN Office
The four-story property encompasses more than 75,000 square feet and last traded as part of a $250 million portfolio deal.
Chinese Coworking Giant Seeks US IPO
Beijing-based UCommune is reportedly aiming to raise as much as $200 million through the offering, as China’s flexible office sector shows signs of overheating.
Opportunity Zones Attract Serious Money
Though estimates of the total capital inflows cover a wide range, even the numbers near the lower end—$100 billion—are big enough that they’re starting to affect CRE pricing.
Transwestern, C-III Capital Pay $60M for Phoenix Office
The joint venture paid cash for the 218,254-square-foot Class A mid-rise in the five-building Camelback Esplanade campus north of downtown.
Despite Record Growth, CRE Industry Should Plan for Downturn
The economic expansion just became the longest in U.S. history, but now is the time to prepare for the next downturn, contends RCLCO Real Estate Advisors.