News
C&W Negotiates Sale of Suburban Office Park
The capital markets team of Mike Davis, Michael Lerner and Rick Brugge represented the seller, DRA Advisors, in the disposition of the six-building asset.
Economy Watch: Retail Sales Edge Down in June
Most retail categories lost a bit in sales for the month, with a few dropping more than a little, according to the Census Bureau. Department stores, sporting goods, and grocery stores were among the retail sectors with declining sales.
Downtown Miami Hotel Commands $72M
The new owner selected luxury operator HEI Hotels & Resorts to implement productivity and cost-cutting measures at the newly acquired asset.
Shoes For Crews Moves to Boca Raton
The retail company will relocate to its new 37,000-square-foot office within the Boca Raton Innovation Campus from West Palm Beach, Fla., in March 2018.
Cushman & Wakefield Appoints New Retail Leader
In his new role, industry vet David Gorelick will be responsible for managing client development and driving the firm’s revenue growth initiatives.
Highly Crowdfunded Vehicle Hits Final Close at $151M
Origin Investments’ Fund III, raised from more than 450 investors, is intended to acquire $600 million in value-added commercial properties.
S. Korean Investment Firm Buys NASA HQ in DC
Two Independence Square, the largest asset in Piedmont Office Realty’s portfolio, sold for $360 million, or $593 per square foot.
Seritage, GGP Trade $248M in JV Transactions
The joint venture will continue to own four properties on a 50/50 basis. These assets are located in Texas, Washington, Massachusetts and Oklahoma.
Ivanhoé Cambridge Buys Evergreen for $1B
The transaction, which concludes a two-year search for the right industrial real estate company, expands the Canadian firm’s portfolio by 16 million square feet in U.S. assets.
JV Acquires Los Angeles Creative Office Building
Newcastle Partners and Westport Capital Partners formed a joint venture to acquire a 40,000-square-foot asset in Los Angeles’ Jefferson Corridor submarket.