News
SL Green Sells Manhattan Tower to Savanna for $381M
New York City’s largest office landlord has owned the 39-story office property since 2011. The transaction is expected to close in the second quarter of 2019.
Duke Realty Leases Industrial Asset in DFW
Cherryman Industries, a sustainable office furniture company, will use the 189,200-square-foot warehouse located in the Great Southwest industrial submarket for storage and distribution.
Seattle Office Towers Trade in Record-Breaking $740M Deal
USAA Real Estate and Touchstone’s sale of the Troy Block marks the largest single-asset real estate transaction in the city’s history.
Hillwood Acquires 1 MSF Industrial Property in GA
The industrial owner and developer has purchased Valentine 85 Logistics Center, a recently completed Class A bulk distribution building in Pendergrass.
OH Retail Development Receives $19M Construction Financing
The three-year, interest-only loan secured by Berkadia represents 73 percent loan-to-cost and was closed with 50 percent of the retail space pre-leased.
Amazon Industrial Building in Bay Area Sells for $105M
CT Realty completed the development of the 1.2 million-square-foot industrial facility in 2018, as part of the first phase of the company’s NorCal Logistics Center.
Three-Hotel Portfolio Changes Hands in Boston Area
HFF handled the sale of the 433-key portfolio in the competitive Boston hospitality market. Jamsan Hotel Management purchased the assets from Linchris Hotel Corp.
San Diego Building Goes From Vaults to Vets
Voit Real Estate Services leased a former bank vault facility to the Veterans Administration, which will operate it as an outpatient clinic once renovations and a major addition are completed.
Sealy & Co. Acquires 1 MSF Industrial Asset in MS
The Class A distribution facility in Olive Branch is fully leased to Williams Sonoma. The asset is less than 20 miles from the country’s busiest air cargo airport.
Silverstein Properties, Partners Pay $452M for Philadelphia Tower
Acquired in a JV with Arden Group and Migdal Insurance, 1735 Market Street marks Silverstein’s first office investment outside Manhattan.