Investment
Greenfield Buys 390 KSF Office Tower in Downtown Tampa
Greenfield Partners has acquired Wells Fargo Center, a Class A landmark office building in Tampa, from a joint venture between Feldman Equities and Goldman Sachs.
Hudson Pacific Properties to Buy $3.5B Blackstone Office Portfolio
In a stock-and-cash transaction valued at $3.5 billion, Hudson Pacific Properties has agreed to acquire Equity Office Properties’ approximately 8.2 million-square-foot San Francisco Peninsula and Silicon Valley office portfolio from Blackstone Real Estate Partners V and VI.
DLC Buys 2.6 MSF Portfolio of 11 Retail Assets
DLC Management Corp. has acquired 11 retail assets, totaling 2.6 million square feet, located throughout New York, North Carolina, Arkansas and Tennessee.
Clarion, Griffin JV Acquires 533 KSF San Antonio Office Building
A joint venture between Clarion Partners and Griffin Partners has purchased the Bank of America Plaza, a 28-story office building in downtown San Antonio.
INTERNATIONAL: Madison International Acquires 50% Stake in London Office Complex
Madison International Realty has grabbed a 50 percent ownership stake in The Houndsditch Estate, in London, from TIAA Henderson Real Estate.
TGS Buys 5th Largest Industrial Park near Houston from Cedar Crossing
In one of the biggest land sales in the Houston area ever, TGS Cedar Port Partners acquired Cedar Crossing, a 10,897-acre industrial park near Houston, from Cedar Crossing L.P.
Winthrop Sells 500 KSF Philly Office Property
Winthrop Realty Trust continues its liquidation program with the disposition of 1515 Market St., a 500,000-square-foot office property in in Philadelphia.
Bentall Kennedy, MEPT Buy 359 KSF SF Office Tower
Bentall Kennedy, real estate advisor for the Multi-Employer Property Trust, has expanded the fund’s Bay Area holdings with the acquisition of 600 California St., a 20-story, Class A office tower in San Francisco.
CPE 100 Quarterly Sentiment Survey: Executives Eye 2016 as Peak Year; M-F Sector Still Rules
Almost half of the executives surveyed said that peak asset values and transaction volume across property types are still two years away. In the near term, most industry leaders expect stability rather than dramatic improvement.