Investment
Invesco Shells Out $475M for Runway Playa Vista in Los Angeles
Invesco Real Estate paid a whopping $475 million for a 14-acre mixed-use asset in Westside Los Angeles.
Ariel Property Advisors Releases Manhattan 2015 Year-End Sales Report
Ariel Property Advisors’ latest report on Manhattan finds that 2015 was a record-breaking year for investment property sales in the Big Apple.
Westlake Dermatology Leases Space at Lamar Central for Eighth Austin Location
Highland Resources leased out 3,280 square feet of space at Austin’s Lamar Central to a local dermatology practice.
Veritas Secures $815M Financing for San Fran Portfolio
Veritas Investments landed $815 million in financing for a mixed-asset portfolio in San Francisco, marking the largest ever transaction of its kind in the area.
A10 Capital Lands $75M Investment from KKR
KKR joins A10 Capital’s top-tier institutional backers with a $75 million platform investment that will benefit A10 in strategic ways.
CalPERS Pays Big Bucks for AXA Equitable Center in Manhattan
CalPERS reportedly paid $1.9 billion for a 54-story trophy office tower in Midtown Manhattan, in one of the company’s biggest purchases ever.
Brandywine Sells Interest in Historic Cira Square for $345M
Brandywine continues its selling spree in 2016, this time with the 862,700-square-foot former U.S. Post Office Complex, which is reportedly being scooped up by a foreign buyer.
Downtown Seattle Hotel Acquired by Moody National REIT II
Moody further expands its hotel holdings with the acquisition of the Marriott Springhill Suites in downtown Seattle.
Tennessee Startups Attract $280M from Investors in 2015
Is Tennessee a startup Mecca? Businesses attracted nearly $1 billion since 2012, well ahead of LaunchTN’s target date of 2017.
Report Says Crosscurrents Won’t Bring CRE Down
Situs RERC, Deloitte and NAR’s latest report discusses how the CRE industry will fare in 2016 amid mixed messages for the U.S. economy.