Investment
Phillips-Edison Fund IV Portfolio Fetches $150M
Six months after tapping CBRE Group Inc. to market the nearly 1.4 million-square-foot Phillips-Edison Fund IV Portfolio, Phillips Edison Shopping Center Fund IV REIT L.L.C. has sold the group of nine retail properties.
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Special Focus: Investment and the Capital Markets
DPF Acquires Two Class A Office Buildings in Denver
Dividend Capital Diversified Property Fund Inc. has acquired two Class A office buildings in the Cherry Creek submarket of Denver.
Five Mile, Crocker Partners Sell Houston Office Tower to MetLife
The Lakes on Post Oak office complex is located in Houston’s Galleria/Uptown district.
INTERNATIONAL: P3 Acquires Major Logistics Portfolio in the Czech Republic for $690M
PointPark Properties’s acquisition of warehouses and development land is one of Europe’s largest real estate deals of the past decade.
KBS REIT III Acquires Atlanta Office Building for $132.5M
KBS Real Estate Investment Trust III has acquired 171 17th St., a 21-story, trophy-quality office building in Atlanta for $132.5 million plus closing costs from JP Morgan.
Servcorp Takes a Tower Floor at One WTC
Servcorp has leased a 34,775-square-foot tower floor in the 3 million-square-foot One WTC.
ManuLife Buys Fully Leased 147 KSF Suburban Vancouver Office Building
ManuLife Real Estate has added a new asset to its Canadian holdings with the acquisition of a premier office building near Vancouver in Burnaby, B.C.
Inland Real Estate JV Picks Up 180KSF Princess Plaza in Indiana
Inland Real Estate Corp. and Dutch pension fund advisor PGGM add another asset to their portfolio with the acquisition of the Princess City Plaza in Mishawaka, Ind.
KBS REIT Sells West Palm Beach Office Tower for $150M
KBS Real Estate Investment Trust II has sold CityPlace Tower, an 18-story, 295,900-square-foot Class A office building in the West Palm Beach, Fla., CBD, for $150 million.