Investment
Saban Sells, Buys $600M in Office Assets
The investment firm sold a 1.5 million-square-foot national portfolio and, as part of its strategy to acquire government-occupied properties, purchased a 340,000-square-foot building in Washington, D.C.
Lincoln Property, Angelo Gordon Acquire SoCal Office Portfolio
The collection of six Class B properties totals nearly 400,000 square feet and comprises assets in four Orange County, Calif., communities.
Port Covington’s Impact on the Baltimore Office Market
Weller Development President Marc Weller contends that strategically located projects can attract new businesses and bolster leasing activity, despite Baltimore’s recent oversupply struggles. He also shares future plans for the 235-acre megadevelopment.
Wheelock Street Capital Pays $112M for Nashville Office
SunTrust Bank provided the buyer of the recently renovated, nearly 436,000-square-foot Class A high-rise with roughly $72 million in acquisition financing.
Bridge Investment Group Buys Metro Miami Office Campus
Through one of its affiliates, the company paid $74.3 million to acquire Sawgrass Technology Park, an 11-building, 514,332-square-foot complex in Sunrise, Fla.
CBRE Arranges Sale, Financing for FL Retail Center
The Debt & Structured Finance team arranged a $16 million loan on behalf of the buyer of Wellington Green Square, a 90,658-square-foot property anchored by The Fresh Market.
Hines Buys 430 KSF Campus in San Francisco Bay Area
Oakmead West, a complex of office/R&D buildings in Sunnyvale, last changed hands in 2013, when Deutsche Asset & Wealth Management acquired it for $119 million.
Piedmont Sells DC Office Asset for $170M
The Class A, nine-story property’s tenant roster includes several government tenants. The previous owner renovated the building five years ago.
The Rise of Debt Funds
The number of debt funds and non-traditional lending sources has grown throughout this cycle. Is that a reflection of temporary market forces or have they become a permanently larger part of the commercial mortgage landscape?
Stockbridge Sells San Diego Office Asset for $39M
Cushman & Wakefield represented the seller in its disposition of Mesa View Plaza, a fully leased, five-story property in the suburb of Kearny Mesa.