Investment
Real Capital Solutions Acquires FL Space Coast Office
AIG sold the 150,000-square-foot asset for more than $13 million. The buyer financed the acquisition with a five-year, $14.4 million loan.
U-Haul to Transform Retail into Storage Facility
The company plans to convert a former Kmart store in Ammon, Idaho, into a 900-unit climate-controlled self-storage facility. The asset is expected to open in 2019.
Maguire Hayden Snags Foreclosed PA Office Campus
Cassford Corporate Center in Berwyn, Pa., changed hands in a $9.3 million deal after Trinity Capital Advisors defaulted on a $21.6 million loan.
Compass Launches Commercial Division
The firm plans to expand throughout its existing markets, opening 70 new offices in 2018. Industry veterans Adelaide Polsinelli and Ronda Rogovin will lead the team.
EverWest Snags $43M San Diego Office Asset
Cushman & Wakefield Capital Markets represented the seller, an affiliate of Cruzan, in its disposition of DMcp, a 74,402-square-foot creative office property that recently underwent $4.4 million in renovations.
TH Real Estate Sells Stake in Boston Tower for $210M
The investment manager sold a 49.9 percent interest in 501 Boylston St., a 610,000-square-foot office and retail property, to Norges Bank Real Estate Management.
Top 10 Office Transactions in the Southern US
More than 30 assets totaling 4.7 million square feet changed hands this year for an average of $131 per square foot. Investment activity was concentrated in Nashville, while Birmingham continues its descending trend.
Parmenter Realty Sells Buckhead Tower in Atlanta
A new owner has emerged for the 348,000-square-foot Class A property. HFF brokered the transaction, representing the seller and arranging acquisition financing for the buyer through MetLife Real Estate.
Single-Tenant Retail Building Trades in Cleveland
The 7,489-square-foot property located at 3040 Fulton Road was leased to Dollar General at the time of transaction.
INAP, Digital Crossroads Break Ground on IN Data Center
The project will sit on a 77-acre lot, formerly housing a power plant. Developers will take advantage of the existing infrastructure, while investment into the data center is expected to reach $200 million.