Investment
Griffin-American REIT Buys $24M MOB in Seattle
Virginia Mason Health System and Swedish Health Services are among the tenants of the 1991-built property. The buyer financed the acquisition using cash on hand and borrowings.
Brookfield to Buy Forest City in $11.4B Deal
Scheduled to close during the fourth quarter, the deal would expand Brookfield’s holdings in multiple property types and cap Forest City’s lengthy makeover strategy.
CRE Investment and the Blockchain: A Transactional Perspective
Vasiliki Yiannoulis of Withers’ real estate law practice discusses this new technology’s potentially disruptive impact on the industry over the next few years.
What Does the T-Mobile/Sprint Merger Mean for Wireless Tower REITs?
Following the merger, the tower operators would generate most of their domestic revenue from only three major tenants, which Moody’s believes could increase the new entity’s negotiating power.
CREC Sells Orlando-Area Boutique Office
Heathrow International traded for $10 million, more than double the purchase price of $4.2 million the company paid for the asset five years ago.
EverWest, CenterSquare Sell Phoenix Office Campus
With the sale of The Madison, a 177,312-square-foot Class A property, EverWest’s transaction and renovation push in the metro over the past 24 months reached $165 million.
Sale of Hyatt Centric Santa Barbara Closes
Chesapeake Lodging Trust sold the 200-key property to an undisclosed buyer after a five-year hold, during which the countywide hospitality market has thrived.
KKR Acquires Office Development in Oakland, CA
TMG reportedly sold the 320,000-square-foot downtown building at 1330 Broadway for more than $173 million, and will continue to provide onsite property and asset management on behalf of the new owner.
Single-Tenant Retail Asset Changes Hands in NM
The 43,484-square-foot property is on the border of New Mexico and Texas. The only tenant of the building is a grocery store.
The Koll Co. Buys 65 KSF CA Office Asset
The firm has added to its portfolio an office building located between Riverside and Orange counties. CBRE worked on behalf of the seller, UBS Realty Investors.