News
Avison Young Brokers $24M MOB Sale
A joint-venture between Foulger-Pratt and a global real estate investment management firm sold the Class A asset in Silver Spring, Md., to Healthcare Realty in an off-market transaction.
Madison Realty Capital Sells Richmond Plaza
The 155,781-square-foot retail center in Richmond, Mich., sold to Statewide Richmond LLC in an off-market transaction. The property has nearly 39,000 square feet available for lease.
JLL Tapped to Lease Phoenix Industrial Project
The company is the exclusive leasing broker for Skyway Commons, an upcoming 110,221-square-foot facility owned by Silagi Development and Management.
Faris Lee Closes Stockton Retail Deal
West Hammer sold the 15,314-square-foot multi-tenant retail strip center for $7.1 million. The 1031 exchange buyer was attracted to the asset’s location and the triple-net lease structure.
Newport Nabs Chicago Retail Portfolio for $39M
The two assets are Lincoln Village Shopping Center in Peterson Park and Kedzie Plaza in Brighton Park. Their acquisition adds 214,000 square feet of retail space to the company’s portfolio.
Nation’s Greenest Office Markets: CBRE Report
The study found that institutional owners continue to seek green building certifications across the 30 largest metros of the U.S. Of all the properties surveyed, 10.3 percent have Energy Star labels while 4.7 percent are LEED certified.
Blackstone to Acquire Leading Exhibit Space Provider
The company will be joined by Firestone Investments in the acquisition of International Market Centers. The transaction is on track to close in the third quarter of 2017.
Columbia, Allianz Form $1.3B Partnership
Each company is contributing one or more unencumbered assets to the JV. Besides New York City and San Francisco, the firms are eyeing Boston and Washington.
Ashkenazy Buys Iconic London Hotel
The sale of The Grosvenor House represents the most significant single-asset hotel deal in U.K. history and reflects the new owner’s plans to expand its global footprint.
USF Taps Skanska for $41M Tower
Construction of the education and research high-rise is expected to begin next month with an anticipated completion date of December 2019.