Investment
The Rising Prominence of CRE CLOs
Commercial real estate CLOs enjoyed a banner 2018 as year-over-year volume nearly doubled. Deal size has also been increasing, but some uncertainty surrounds the vehicles’ prospects for 2019.
Seattle Office Towers Trade in Record-Breaking $740M Deal
USAA Real Estate and Touchstone’s sale of the Troy Block marks the largest single-asset real estate transaction in the city’s history.
CRE Companies Mind Their ESGs
Owners, developers and managers are ramping up environmental, social and governance initiatives to meet investor criteria and internal goals.
Amazon Industrial Building in Bay Area Sells for $105M
CT Realty completed the development of the 1.2 million-square-foot industrial facility in 2018, as part of the first phase of the company’s NorCal Logistics Center.
Silverstein Properties, Partners Pay $452M for Philadelphia Tower
Acquired in a JV with Arden Group and Migdal Insurance, 1735 Market Street marks Silverstein’s first office investment outside Manhattan.
SVN Brokers Chicago Loft Office Building Sale
Angelo Labriola and Paul Cawthon of the Cawthon-Labriola Group of SVN Chicago represented the seller while Advisors Stephen Cusano and James Mead represented the buyer.
Cousins, TIER REITS to Merge in $7.8B All-Stock Deal
The deal, expected to be completed in the third quarter, would create the preeminent Sun Belt office REIT, with 21 million square feet of Class A trophy office properties in hot markets like Austin and Atlanta.
BlackRock to Buy eFront for $1.3B
With the all-cash purchase of the Paris-based alternative investment software and solutions provider, the global asset manager will significantly enhance its technology platform.
Hunt Capital Acquires Peak 8 Asset Management
The company calls the deal a strategic investment in the alternative fixed income market, Peak 8’s specialty.
InvenTrust Buys 2 Orlando-Area Retail Centers for $64M
Located across the street from each other in Winter Park, Fla., Lakeside Winter Park and Lakeside Crossing total 76,000 square feet.