Investment
Silicon Valley Hilton Hotel Sells for $59M
Somera Capital Management and Tyler Development Corp. picked up the 169-key property at The Pruneyard, a 27-acre mixed-use development in Campbell, Calif.
Healthcare Realty Trust Acquires 2 MOBs for $46M
The properties, which together total 158,338 square feet, are located on the Inova Fair Oaks Hospital campus in Fairfax, Va.
HFF Brokers $8M Industrial Sale in NJ
The team of Jose Cruz, Kevin O’Hearn, Steve Simonelli, Michael Oliver, Jordan Avanzato, Marc Duval and J.B. Bruno facilitated the deal on behalf of the seller.
Single-Tenant WI Retail Asset Trades for $3M
Quantum Real Estate Advisors brokered the disposition of a fully occupied, 4,442-square-foot building in Fitchburg. The tenant has a remaining 20-year term on the lease.
Tanger Outlets Sells Multi-State Portfolio for $131M
A joint venture including Singerman Real Estate has purchased four retail centers in Nags Head, N.C.; Ocean City, Md.; Park City, Utah; and Williamsburg, Iowa.
LA-Area Office Building Changes Hands for $12M
The buyer worked with Michael Shuken of Savills, while Stacy Vierheilig-Fraser of Lee & Associates and Scott L. Gertz of WESTMAC represented the seller.
Fern Hill Buys Downtown Chicago Museum Building
The $6 million transaction included the third and fourth floors of the Museum of Broadcast Communications building, totaling 27,500 square feet.
Entergy HQ Commands $15M in Jackson, MS
The deal marks the second time CBRE has arranged the sale of the Class A building in the past 15 months.
What’s in Store for the Big-Box Market?
Acquisition yields held steady at 5.7 percent last year, with many of the core regions posting cap rates at or near 5 percent, according to the latest Colliers International outlook.
Taurus Sells Travesia Corporate Park for $41M
The mixed-use office park consists of three buildings of 46,200, 62,250 and 68,171 square feet, including 10,000 square feet of laboratory space.