Investment
NAREIM Acquisitions & Dispositions 2019
The NAREIM Acquisitions & Dispositions meeting examines the tough questions raised by the advanced economic cycle, including the long-term need to view returns on investment capital against the rising costs of operations and internal client needs.
Transwestern Investment Group Acquires Fort Worth Industrial Property
DHL Supply Chain sold the 1.2 million-square-foot development, which comprises two cross-dock buildings completed in December 2018.
Paramount Group Sells Manhattan Building for $130M
With the assistance of CBRE, the company sold the 75,000-square-foot office and retail asset at Zero Bond St. to a German investor.
Summit Real Estate Buys Industrial Portfolio
The company has expanded its footprint with a five-property industrial portfolio located in St. Petersburg, Fla. The buildings sold for a total of $17.4 million.
CPE Announces the 2018 Executives of the Year
Now in its 22nd year, the CPE Executive of the Year Awards program is adjudicated by a peer vote among leading executives from across the commercial real estate industry and based on accomplishments in the past year. Here’s what made the winners stand out.
Clarion Partners Buys $336M San Francisco Office
Jack Resnick & Sons sold the nearly 430,000-square-foot Class A office asset, which last changed hands as part of a 1.9 million-square-foot portfolio transaction in 2006.
Omninet Sells San Diego Office Complex for $19M
The transaction marks the buyer’s entrance into the metro’s office market. A Newmark Knight Frank team brokered the deal on behalf of the seller.
Hartman Acquires Houston Energy Corridor Office
The REIT paid more than $5 million for the six-story property, which underwent cosmetic renovations under the previous ownership in 2013.
Sitex Group Acquires NJ Industrial Facility
A private investor sold the 100,000-square-foot Carlstadt property. The transaction marks the buyer’s third recent acquisition in the area.
San Jose Office Asset Commands $63M
The Muller Co. teamed up with CIGNA Investment Management to purchase the 104,000-square-foot Century Plaza. Cushman & Wakefield negotiated the deal.