Investment
U.S. Bank Sells NoVa Office Property
The bank sold the approximately 67,000-square-foot Class B building for $10 million, having taken control of the asset through a foreclosure in mid-2017.
Savanna Buys, Repositions Manhattan Asset
The 126,256-square-foot office property will undergo a $21 million capital improvement program that will include upgrades to the lobby, roof, facade and seventh-floor vacant space.
Boston Trophy Tower Commands $455M
Skanska’s 450,000-square-foot, LEED Platinum-certified asset opened in June. The office portion is fully leased to Alexion Pharmaceuticals and PTC.
NorthStar Realty Europe Sells Frankfurt’s Trianon Tower
The 737,360-square-foot iconic office building in the German banking center’s CBD changed hands for about $758 million. Cushman & Wakefield advised on the deal.
StorageMart Buys 72 KSF Facility
The firm has expanded its portfolio with a 72,063-net-rentable square-foot facility located approximately 24 miles from downtown San Antonio.
Jacksonville Industrial Property Commands $15M
BankUnited provided $10.6 million in acquisition financing to buyer IP Capital Partners. The seller had previously acquired the three-building, 600,000-square-foot portfolio in 2016.
Hackman Capital to Pay $750M for CBS’ Television City
The real estate investment and operating company will add the 25-acre Los Angeles campus to its growing media-related portfolio in a sale-leaseback transaction.
Oil, Gas Producers on Uneven Road to Carbon-Free Future
Europe’s investment in the transition outpaces the U.S., Russia and China, concludes a U.K.-based environmental research group.
Baywood Hotels Expands in Ithaca, NY
The company has acquired a 106-key Fairfield Inn & Suites near Cornell University and Ithaca College, which are home to approximately 28,000 students.
James Campbell Co. Hires New CIO
Based in the San Francisco office, Arndt Nicklisch will be responsible for overseeing the company’s investments and dispositions.