Investment
Downtown Charlotte Office Trades for $24M
Somerset Properties acquired the recently renovated 129 West Trade. The asset was 63 percent leased at the time of sale, housing a mix of notable tenants.
Brookfield Sells Stake in NYC Portfolio for $1.4B
The company announced the sale of a 28 percent stake in its New York City core holdings, as well as plans to sell another 7 percent by early next year.
Slate Office REIT Snags Chicago Office Building for $156M
The Toronto-based company acquired the 23-story 120 S. LaSalle and also entered into an agreement to sell a group of Water Street properties in St. John’s, Newfoundland for $17.5 million.
Vista Investment Group Snags $28M San Diego Office Park
Built in 1981 and recently renovated, Seville Plaza encompasses more than 140,000 square feet. County of San Diego’s Health and Human Services division anchors the property.
A Closer Look at Detroit’s Office Market
James Becker, principal & managing director with Avison Young, shares his insight on the trends shaping the city’s office market and what makes young professionals choose Motor City over coastal tech hubs.
JLL Arranges $35M MOB Sale
MBRE Healthcare, a Chicago-based private owner and investor, purchased the Class A, 86,450-square-foot portfolio in the heart of Asheville, N.C.
Admiral Capital Buys San Diego Office Building
The Balboa Executive Center comprises 120,992 square feet across five stories and last traded in 2015, when EQ Office purchased the building for $28.3 million.
Lincoln Property JV Buys OC Office Asset
NKF Capital Markets represented the seller, New York Life, in the disposition of 1500 Quail St., a 95,435-square-foot property in Newport Beach.
DC’s Landmark Washington Harbor Property Sells for $415M
Acting on behalf of a consortium represented by Principal Real Estate Investors, HFF secured Global Holdings Management Group as a buyer for the 560,000-square-foot office and retail asset.
AccorHotels to Buy Majority Stake in 21c Museum Hotels
The Paris-based hospitality investor and operator, which has made several deals to expand its brands in the U.S. and abroad in recent months, will bring its MGallery brand to North America.