News

1300 S. El Camino Real. Image courtesy of Meridian

Meridian Acquires Bay Area Office Building

The purchase of the 100,000-square-foot asset in San Mateo comes as the company ramps up its investment focus in the metro.

Cousins Properties Regains Ownership of Atlanta High-Rises With $503M Buy

With JLL’s assistance, investors advised by J.P. Morgan Asset Management sold their 50 percent interest in the two office towers, back to the developer.

Holladay Breaks Ground on 3rd Phase of 700 KSF Nashville Industrial Project

This phase is set to include five buildings totaling 330,000 square feet, with the first structure expected to be completed late next year.

AECOM, Canyon Partners Close $500M Fund

The joint venture plans to target build-to-core investments in top markets nationwide across all property types.

Meridian Buys Orange County Office Building

The firm paid more than $20 million for the property and will invest another $5 million in capital improvements.

Atlanta’s Candler Building Reopens as Luxury Hotel

The historic Beaux-Arts building completed in 1906 by Asa Griggs Candler is now home to a 265-key hospitality property under a Hilton brand.

Drawbridge Realty Buys Orange County Portfolio for $71M

The company has purchased a total of 169,315 square feet of office space in Aliso Viejo, Calif.

Lee & Associates Closes $11M Simi Valley Sale

The R&D facility traded at one of the highest per-square-foot prices for the product class in the region.

JV Sheds Philly-Area Office Asset

Taconic Capital and Cohen Equities sold the 165,000-square-foot property in King of Prussia, Pa., which sits close to the country’s largest mall.

Aligned Energy Secures $495M Credit Facility

The data center provider intends to use the proceeds for further expansion and improvement of services on three existing facilities.