Investment
Ally Capital Group Acquires Tampa Office Complex
The 299,000-square-foot Austin Center, an office campus in the Westshore submarket, was completed in 1975. The seller was an affiliate of Redstone.
Cushman & Wakefield Arranges Sale and Financing of Tampa Industrial Facility
The firm’s sales team represented the seller and its Equity, Debt & Structured Financing Group secured the financing for the acquisition of the 201,620-square-foot asset.
Knotel Grows Presence in Europe
With the acquisition of Deskeo, France’s leading operator of flexible office space, the company has expanded its footprint, adding 20 locations in Paris.
Finmarc Management Buys MD Shopping Center
The company paid $43.9 million to acquire a 280,000-square-foot Upper Marlboro mall, which is anchored by Marshalls, Shoppers Food Warehouse, Regency Furniture, Advanced Dollar Tree and Dress Barn.
Asana Partners Buys Atlanta Retail Asset
The Trader Joe’s-anchored shopping center in the city’s Midtown submarket contains more than 110,000 square feet along the Eastside BeltLine trail.
Stockbridge Capital Group Buys FL Industrial Park
Working on behalf of the seller, Cushman & Wakefield negotiated the sale of Powerline Business Park, a 444,000-square-foot property in Pompano Beach.
ElmTree Funds Buys Pepsi Bottling Facility
With the help of HFF, Armada Hoffler Properties sold the newly built distribution center in Richmond, Va., totaling more than 220,000 square feet.
How Coworking Affects Asset Values
CBRE sampled recent office sales around the country to assess the influence of flexible workspace on cap rates and property values.
Ten Capital Management Acquires St. Louis Office Asset
The Class A building, which comprises more than 250,000 square feet, was 97 percent leased at the time of sale to four tenants, including Cushman & Wakefield.
Blackstone Set to Launch $20B Property Fund
The investment giant’s plan continues its practice of doing things on a large scale and reflects an active fundraising strategy.