News
Meridian Completes San Francisco MOB Construction
Situated in the Valley’s medical corridor, the 10,000-square-foot property was built in six months. Harriman Kinyon Architects designed the building.
Economy Watch: CRE Prices Up Slightly in February
The increase in investment prices marks the first gain after nine months of contraction, according to Ten-X’s latest Commercial Real Estate Nowcast.
Industrial Realty Buys IBM’s 1.3 MSF Minnesota Campus
The commercial and industrial real estate investor plans to bring new tenants to the 490-acre property, where IBM will continue to occupy several buildings and, ultimately, a mixed-use development will take shape.
Two Equity Commonwealth Office Assets Fetch $670M
In separate deals, the company has closed on the disposition of both 600 W. Chicago Ave. in Chicago and 1600 Market St. in Philadelphia.
150 KSF Denver Office Project Breaks Ground
Goff Capital Partners’ Platte Fifteen, planned to encompass roughly 136,000 square feet of office space above street-level retail, is anticipated to open in fall 2019.
Shorenstein Snaps Up $255M Office Tower
ASB Real Estate Investments sold Capella Tower and the adjoining Star Tribune Building in Minneapolis on behalf of its $7.4 billion Allegiance Fund.
EverWest Disposes of Denver-Area Mixed-Use Asset
HFF has facilitated the sale of the Louisville office and retail center located 23 miles north of the metro core.
The Luxury Collection Hotels Debuts in Panama
The Santa Maria is a Luxury Collection Hotel & Golf Resort featuring 182 keys, a 72-par golf course and two on-site restaurants.
JV Acquires Houston Self-Storage Asset
Pasco Cos., together with Patriot Self Storage Management, has bought a 54,000 square-foot storage facility featuring 1,000 square feet of climate-controlled wine storage.
Thor Equities Enters Philadelphia Market
The firm acquired 907 Market St., a 214,000-square-foot asset, part of the much larger Market East, which includes the Lits Brothers Building, East Market and Fashion District Philadelphia.