Investment
TMG Partners, KKR Buy 24-Story Oakland Tower
The transaction marks the third change of ownership for 1221 City Center, an iconic office property in the central business district, over the past six years.
Goldman Sachs Acquires Portland Office Asset
The $25.7 million sale price is twice the amount paid in 2013 by the building’s previous owner, Melvin Mark.
DC Hotel Changes Hands for $128M
The 300-key Hilton Garden Inn in downtown Washington, D.C., sold for approximately $427,000 per guestroom. The seller was Xenia Hotels & Resorts.
Are Core Returns Headed to Zero?
Within the next two years, the downshift in the commingled funds index could put some institutional investors at risk, says CenterSquare’s Scott Crowe.
Atlanta Logistics Center Sells for $70M
Ackerman & Co. sold the largest industrial facility it has developed to date. A national shipping and business supply company purchased the asset.
Seize the Opportunity (Zone), but Keep Your Head on Straight
BDO’s Stuart Eisenberg and Marla Miller demystify the new vehicle and recommend ways in which REITs can take advantage of their scale when investing in qualified properties.
Debt Markets Poised for Strong 2019
Matt Weber, Avison Young’s newest addition to the firm’s Washington, D.C., office, discusses the challenges of deploying capital at this stage in the cycle and where the best opportunities lie.
2018 CRE Performance: UBS
According to its Real Estate and Private Markets report, the U.S. economy was the world’s strongest during the third quarter with a 3.5 percent growth annually, despite a year-over-year decline from 4.2 percent.
SL Green Ups Investment in Manhattan High-Rise to $148M
The office landlord has completed the second phase of its preferred equity stake in 245 Park Ave., after an initial investment earlier this year.
Development Group Buys Fort Worth Tower
The sale of the historic 185,000-square-foot property caps JLL’s disposition of six downtown office buildings for XTO Energy.