Office
CBRE Acquires 369 KSF of Dallas-Area Buildings
Everything’s bigger in the Lone Star State, and so goes a recent transaction between Equity Office Properties Trust and a CBRE Global Investors Fund, which bought two Class A office buildings in North Dallas totaling 369,000 square feet for an undisclosed amount.
CNN’s DC Home Trades for $107M
The 298,500-square-foot office building at 820 First St. in the northeast sector of Washington, D.C., has come under new ownership.
SL Green to Trade Minority Stake in 521 Fifth Office Building for $72M
The REIT signed an agreement to sell a 49.5 percent equity interest in the office property at 521 Fifth Ave. to Plaza Global Real Estate Partners for $72 million.
Hines, Boston Properties, Kilroy to Build Two Office Towers Near San Francisco’s Transit Center Project
Hines has formed a JV with Boston Properties for the development of a 1.4 million-square-foot high-rise and Kilroy Realty Corp. just announced that it will build a 400,000-square-foot tower.
Inland’s Newest Non-listed REIT Begins IPO
Non-listed Inland Real Estate Income Trust has begun selling $1.5 billion in common stock in connection with its initial public offering.
Sovereign Capital Acquires Congress Center in Chicago for $95M
Sovereign Capital Management Group, a San Diego-based real estate company, has purchased a Class A, 524,800-square-foot, 16-story office tower in downtown Chicago for $95 million.
Savanna, Monday Properties Sell 260 KSF 386 Park Ave. S.
Savanna and Monday Properties have sold a 20-story building in the heart of Midtown Manhattan for reportedly between $110 million and $113 million.
Normandy Real Estate JV Grabs 575 Lexington in Manhattan
The 743,200-square-foot Manhattan office tower at 575 Lexington Ave., which last changed hands in 2006 for $400 million, has come under new ownership.
AXA, Norwegian Wealth Fund Buy Two Buildings in Germany for $981M
AXA Real Estate Investment Managers and Norges Bank Investment Management have agreed to buy two buildings in Germany for a total of $981 million, from the Royal Bank of Scotland Group.
KS Partners Buys New Boston’s $65M Hartford-Area Office Portfolio
New Boston Fund Inc., of Boston, has sold to KS Partners, of Woburn, Mass., an eight-building office portfolio in suburban Hartford, Conn., for $65 million.