Investment
Harbor Buys Suburban L.A. Office Park for $48M
The 213,500-square-foot Encino Office Park in Encino takes the company one step closer toward its goal of acquiring $250 million in suburban Southern California properties over the next 12 months.
San Diego Business Park Trades for $28M
Brookwood Financial Partners bought the three-building office campus in 2013 and boosted occupancy before selling it to Fenway Capital Advisors and Waterfall Asset Management.
Medical Office Landscape Shifts With Health Care M&As
With property sales velocity increasing 5 percent nationwide over the last 12 months, a new report from Marcus & Millichap highlights how mergers and acquisitions are transforming the health-care system.
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.