Investment
Piedmont Office Realty Expands in Atlanta With $95M Buy
The REIT acquired Galleria 100, a Class A office tower in The Galleria master-planned community in northwest Atlanta, near Sun Trust Park and the Cobb-Galleria Convention Center.
Fenway Capital Advisors Sells San Diego Office Asset
The two-building Oberlin Court is located in Sorrento Valley. The new owner, Intersection, paid $7.6 million for the 93 percent leased property.
Gemini Rosemont Buys Silicon Valley Campus for $171M
The firm acquired a four-building office park in Santa Clara, Calif., from The Sobrato Organization. The 386,707-square-foot property is 100 percent leased.
Nazareth Enterprises Acquires Bay Area Ice Rink
SPI Holdings sold the 55,000-square-foot San Mateo retail and ice rink facility in an off-market transaction. The ice rink had been slated for conversion to additional retail space.
Silicon Valley Development Lands $314M Loan
A Harvest Properties and Invesco Real Estate joint venture intends to develop Catalyst, a four-property, 587,942-square-foot office portfolio in Sunnyvale, Calif.
Newmark Knight Frank Facilitates Sale of GA Mixed-Use Asset
The Woodbery Group is the new owner of a Class B, 88,000-square-foot building in Forsyth County that encompasses office space and a data center section.
Stan Johnson Arranges Houston-Area Industrial Sale
Director Zach Harris represented the seller in the 1031 exchange. The buyer of the 27,211-square-foot building in Brookshire, Texas, worked with Colliers International.
Ørsted’s Lincoln Clean Energy Acquires Coronal Energy
The acquisition deepens Ørsted’s expansion in the U.S. following its acquisition of Deepwater Wind from D.E Shaw Group in a $510 million deal in October.
Tampa Office Campus Trades for $53M
The Dilweg Cos. has acquired the four-building, 294,621-square-foot park located in Westshore Business District. Cushman & Wakefield assisted the seller in the transaction.
European Hotel Investment Volume Still Riding High
For the 12-month period ending in the first quarter of 2019, lodging transactions totaled €23 billion ($25.7 billion), with trades in the U.K., Spain and Germany accounting for the bulk of the activity.