Investment
StreetEasy Manhattan Condo Market Report: Pending Sales Surged 31% in October
The October StreetEasy Manhattan Condo Market Report revealed a flurry of activity from both buyers and sellers, which accounted for a 31 percent jump in pending sales from September to October, the largest monthly gain since May 2013.
INTERNATIONAL: Skanska Sells Green Office Property in Bucharest
Green Court Bucharest A will soon change hands. The first building of the approximately 560,000 square-foot office park is currently under Skanska Property Romania’s ownership and will be transferred to Globalworth Real Estate Investments Ltd.
Jamestown Grabs 220 KSF Cambridge Office Building for $136M
Jamestown has enhanced its presence in metropolitan Boston with the addition of the Davenport Building, a 220,000-square-foot office property in Cambridge, Mass.
Ivanhoe Cambridge, Callahan Capital Buy 2 Seattle Office Buildings for $280M
The deal gives the Montreal-based investment firm about 13 percent of downtown Seattle’s Class A office market.
Hillwood Acquires Site for 1.2 MSF Industrial Project in Central PA
Hillwood will develop Trade Center-83 in York County, Pa., to address growing demand for Class A industrial product in a major corridor.
PointOne Grabs 377 KSF Office Portfolio in Birmingham
A joint venture between PointOne Holdings and ESJ Partners has bought a 377,9321-square-foot office portfolio in one of Bingham’s most desired submarkets, for $51 million.
Blackstone JV Sells 2-Building Portfolio; National, Bulfinch Sell Office Edifice, Both in Cambridge, Mass.
The weather might be cooling off a lot, but all that brainpower in Cambridge, Mass., seems to be heating up the CRE market there, since two office transactions were announced Friday that totaled three buildings and 670,000 square feet.
Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market
The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors.