Investment
Newmark Knight Frank Completes Santa Monica Creative Office Sale
Following a capital improvement program in 2014 that included building system upgrades, Prototype Industries sold the three-story boutique property for $16 million.
Blackstone to Become a Corporation
The world’s biggest landlord, with $136 billion of real estate assets under management, will switch its status from a publicly traded partnership to a corporation, opening its stock to more investors.
Connecticut Retail Asset Commands $60M
JLL’s David Monahan, Chris Angelone, Nat Heald and Cameron Pittman assisted the seller in the disposition of the roughly 370,000-square-foot Milford Crossing Shopping Center.
StorageVault Buys 38-Asset Portfolio for $206M
After purchasing the properties from Wilmington Capital Management, the active investor now owns or operates 199 storage locations across Canada.
Columbia Property Trust Sells 700 KSF Atlanta Campus for $228M
The disposition is part of the company’s strategy of exiting a non-core market to focus on New York City, San Francisco and Washington, D.C.
MOB Portfolios Change Hands for $90M
In three separate deals, CBRE has facilitated the sale of 23 medical office buildings, 13 of which are situated in the Chicago area.
Catalyst HRE, Bain Capital Buy Dallas MOB for $21M
The partners purchased the renovated six-story building across from Texas Health Presbyterian Hospital Dallas.
Industrial CRE Yield Compression Continues Globally
In a new study of 63 markets around the world, CBRE finds that 47 of them experienced a year-over-year decline in logistics real estate yields in 2018.
Stable Development Buys Atlanta-Area Medical Office Portfolio
Academy Orthopedics sold the three buildings located in Cumming and Buford, Ga. The former owner leases more than half of the space.
Washington Capital Buys San Diego Campus for $40M
The company has acquired the two-building office property on behalf of a client, marking its second deal in the Kearny Mesa neighborhood in less than two months.