Investment
Saban Capital Group Sells Charleston Courthouse
The new owner, Easterly Government Properties, paid $24 million for the asset and selected Cushman & Wakefield | Thalhimer to manage the building.
Gladstone Acquires $21M MI Industrial Portfolio
The two buildings comprise a total of nearly 220,000 square feet and are 100 percent leased. The properties were purchased through an UPREIT transaction.
JV Sells Seattle Office/Flex Park for $142M
SteelWave was both buyer and seller of the 17-building Canyon Park Business Center in Bothell, Wash., as joint ventures sat on each side of the table.
Carr Properties Acquires Boston Office Asset
The real estate investment trust has purchased 200 State St., a 300,000-square-foot downtown office building, from GLL Real Estate Partners.
Pebblebrook Raises $1.8B for LaSalle Merger
Earlier in the year, LaSalle Hotel Properties had said yes to an all-cash offer from Blackstone, but the company later terminated the agreement in favor of the Pebblebrook bid.
Raleigh-Area Office Campus Fetches $69M
HFF, acting on behalf of Crescent Lakeside LLC, orchestrated the sale of Crescent Lakeside I & II, a 255,000-square-foot property in central North Carolina’s Research Triangle.
Midtown Realty Affiliate Buys Miami Shopping Center
A joint venture between Duncan Hillsley Capital and Pebb Capital sold the 126,000-square-foot property for more than double its 2014 acquisition price.
New Guidelines Heighten Interest in Opportunity Zones
Yardi Matrix’s Paul Fiorilla describes the challenges that managers should anticipate while they attempt to raise more than $25 billion to invest in the economic development tool.
TA Realty Pays $36M for FL Distribution Portfolio
A CBRE Capital Markets team represented the seller, Guardian Life Insurance Co., in the disposition of the two-building industrial asset.
Institutional Roundtable: Safety First
Institutional investors have risen in prominence throughout the current economic cycle, strategically deploying capital in long-term opportunities that offer attractive risk-adjusted returns. But nine years into the recovery, how is this cohort unlocking value in a rising-rate, compressed-yield climate?