Investment
Boca Raton Office Asset Commands $39M
The four-story 301 Yamato features a wide array of amenities including executive suites, on-site banking and 24/7 manned security.
Nazareth Snags $16M Silicon Valley Industrial Asset
The two flex buildings total 180,000 square feet, making the company one of the single-largest landlords in Morgan Hill, Calif.
C&W Arranges $72M NorCal Retail Sales
Argonaut Investments, Hastings Ranch Shopping Center and Victory Village 2004 snagged three shopping centers in Rohnert Park, Fresno and Pinole.
Boston Properties Buys NJ Office Asset
The company added another 96,000 square feet to its Princeton, N.J., inventory with the acquisition of a Class A office asset located within the 560-acre Carnegie Center. Cushman & Wakefield brokered Mack-Cali Realty Corp.’s $16 million sale of the asset.
Velocis Adds to Its San Antonio MOB Portfolio
The private equity real estate manager acquired the Legacy Oaks medical office complex through its Velocis Fund II.
Trump Bump Gone, Optimism Still Prevails: RCLCO Survey
Almost two-thirds of respondents think the coming downturn won’t begin until 2019, while about a quarter believe it will be next year.
Douglas Emmett, QIA Buy $177M Beverly Hills Asset
The 10-story office building is 85 percent leased to a tenant roster including Wells Fargo, Sotheby’s, Morgan Stanley and Longo Law Group.
Simone Forays Into NJ with MOB Buy
The company plans to reposition the 62,000-square-foot property in Hackensack, which was 52 percent occupied at the time of the transaction.
WPG to Revamp Indiana Mall
Washington Prime Group intends to spend $17 million on the transformation of Markland Mall into a hybrid shopping center, which incorporates both enclosed and open air spaces.
German Automotive Supplier to Invest $69M in SC Plant
IFA will build a 234,000-square-foot manufacturing facility in Summerville, S.C. The company intends to create more than 120 jobs in the coming years.