Office
KBS REIT Sells $804M Portfolio to New Singaporean REIT
The 3.2 million-square-foot buy is part of the newly formed REIT’s plan to focus on office real estate in key U.S. growth markets.
On the Market: 5 Interesting Listings for November
This month’s listings include a historic Massachusetts multifamily asset built in 1895 and a recently renovated office/loft space in Birmingham, Ala.
Macerich Snags $86M for Chicago Office Asset
Located at 500 N. Michigan Ave., the 326,000-square-foot tower features 24 floors and last underwent cosmetic renovations in 2009. The property is situated adjacent to Macerich’s The Shops at North Bridge.
Griffin Closes Nashville’s Top 2017 Office Deal
An entity owned by Syed Shamim of Bahrain bought the 530,000-square-foot One Century Place. Transwestern will continue as property manager of the Class A building.
SteelWave, Invesco Grab LA Times Facility in SoCal
The joint venture plans to redevelop the former printing plant/office property into a creative office destination featuring a high-end public market.
Surprisingly Strong 2017 for Manhattan’s Office Market
Despite initial doubt, 2017 turned out to be a record year for the office sector, noted Cushman & Wakefield’s Louis D’Avanzo. He discussed his expectations for the upcoming year, as a wave of new supply is set to hit the market.
Raleigh Office Building Nearing Full Occupancy
Completed earlier this month, Wade IV is the newest addition to the four-building, mixed-use campus dubbed the Offices at Wade.
NorthStar Realty Europe Sells $95M London Office Complex
Situated in Greater London, Dukes Court comprises 224,000 square feet of office on a three-acre site. Major tenants include HMRC, Kuwait Petroleum and Fidessa Group.
C&W Tapped to Lease NJ Office Portfolio
Onyx Equities and Garrison Investments appointed the firm as leasing manager for a recently purchased four-building office portfolio located in Bergen County, N.J.
JV Buys FedEx Office Headquarters in Metro Dallas
A nearly $80 million purchase got PRP and AXA Investment Managers – Real Assets a fully leased building in the still-growing Legacy West project. The seller was KDC Real Estate Developments & Investments.