Investment
US Mayors Challenge Names Its Winners
The nine cities are set to receive $1 million each to address issues including mobility, climate change, homelessness and economic opportunity.
Daishin Securities Acquires NYC Office Tower for $195M
ASB Real Estate Investments sold the 21-story landmarked Midtown office asset on behalf of its $7.3 billion Allegiance Fund, its core investment vehicle.
Global CRE Allocations Rise, But Still Lag Targets
The latest annual survey by Hodes Weill & Associates and Cornell University examines how the world’s major institutional investors allocate investments to commercial real estate, we well as their sentiment toward the asset class.
Shorenstein Buys San Diego Office Towers
Sorrento Towers North & South comprise 565,000 square feet across four buildings. Cushman & Wakefield advised the new owner on the transaction.
Jacksonville Office and Industrial Complex Changes Hands
Savlan Capital paid $18.3 million for the asset, which contains nearly 195,000 square feet of flexible office and light industrial space across five buildings.
GreenOak JV Pounces on the Lion Building
JBG Smith traded the eight-story, 157,000-square-foot Class B office asset in Washington, D.C. The purchase price was $65 million.
EquiCap Brokers Sale of TN Storage Facility
The self-storage property in Soddy Daisy traded in an off-market transaction to a 1031 exchange buyer. The asset is approximately 15 miles from downtown Chattanooga.
L&L Holding JV Buys Terminal Stores in NYC for $880M
The partnership will transform a self storage space at the historic 1.2 million-square-foot property in West Chelsea into a state-of-the-art office and retail asset.
Record-Breaking Retail Sale Closes in Orange County
CBRE has facilitated the market’s highest-priced retail purchase of 2018, with the Huntington Beach asset changing ownership from Watt Cos. to Stockbridge.
Hempel Cos. Snags Minneapolis Office Asset
AtWater Group sold Concorde Executive Center, a 104,063-square-foot building in the Northwest submarket for $5.5 million. Cushman & Wakefield is in charge with the property’s management and leasing activities.