Investment
Warba Bank Acquires New Englewood Office Asset
This is the third transaction that Bentall Kennedy has completed this year in its role as advisor to the Kuwaiti financial firm.
Integra Realty, Appraisal Research Counselors Team Up
The company will open a new office in Chicago, which will be operated by ARC employees. This will mark Integra’s sixth business expansion within the past year.
Pacific Center Changes Hands in Torrance, CA
HFF worked on behalf of the seller, Stream Realty Partners, and procured the buyer. The class A office building currently has eight vacant spaces.
Berkadia Tapped to Seek $650M for San Diego Project
The eight-block Manchester Pacific Gateway will eventually encompass 2.8 million square feet of hotel, office and retail space. The location is reportedly the largest undeveloped urban waterfront site on California’s coast.
51 KSF Self-Storage Facility Trades in Orlando, FL
Marcus and Millichap arranged the sale on behalf of the seller and secured the buyer as well. The self-storage asset offers 443 drive-up units.
Ft. Lauderdale-Area Retail Center Changes Hands
David Donnellan and Patricia Friend of CBRE’s South Florida Retail Investment Properties team assisted the seller in the transaction. Florida Credit Union originated the acquisition financing.
Japanese Company Buys NYC Office for $468M
UNIZO Holdings purchased 685 Third Ave., a 31-story building in Midtown Manhattan, from a joint venture between TH Real Estate, an affiliate of Nuveen, and Future Fund of Australia.
L&L Holding, JP Morgan Form JV to Invest $4B in NYC CRE
The new $500 million partnership will acquire and develop properties throughout the Big Apple, with a strong focus on value-add office assets in Manhattan.
True North Expands Canada Office Footprint
The REIT paid $106.1 million to acquire five Class A buildings in Victoria, Greater Toronto, Ottawa, Halifax and Cambridge, offering a combined 492,900 square feet of rentable space.
Canyon Square Plaza Trades for $23M in Santa Clarita
Kimco Realty REIT sold Canyon Square Plaza to a private high-net investor. The occupancy rate of the property was 96 percent at the time of the sale.