Office
TIER REIT Buys Big in TX, Sells in KY
The company acquired a Class A office asset in Plano for $123.3 million and sold a portfolio in Louisville, Ky., for $71.5 million.
CBRE Trades Charlotte Office Building
Known as 401 McCullough, the property changed hands for $12.3 million. Tempus Realty Partners acquired the vacant building from LNR Partners.
Skanska Closes $56M Prague Office Deal
The 14,400-square-foot property is located near Andel, one of the busiest business areas in Prague, the Czech Republic. The buyer is a real estate fund managed by Triuva.
Woodmont to Lease Tennessee and North Carolina Properties
Biltmore Property Group plans to redevelop the Shops at Western Plaza and selected Woodmont’s John Geddis to lead marketing efforts at the properties.
Tustin Corporate Center Changes Hands
Harbor Associates acquired the 43,517-square-foot office building from The Bascom Group. The new owner plans to reposition Tustin Corporate through a rebranding and renovation program.
Transwestern to Handle Sale of DC-Area Office Asset
The 174,000-square-foot property is located within Prince George’s County Metro Center Complex, which consists of 1.3 million square feet of office space, 120,000 square feet of retail space, 134 residential condos and 910 multifamily/student housing units.
Suburban Philly Office Buildings Sell for $36M
The seven assets are located in Exton, West Chester and Newtown Square, Pa., and total more than 229,000 square feet of office/flex space. The properties changed hands through like-kind exchanges.
Hines Nabs Sacramento Office Tower in $120M Deal
The transaction included not just the Kaplan McLaughlin Diaz-designed downtown building, but the attached 800-space parking structure and the 350-space parking facility as well.
Office of the Future
Don’t wait to design a better performing workplace. With the cubicle farm a thing of the past, all the resources you need are available here and now.
NorthMarq Capital Buys SLC Mortgage Banking Firm
The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq’s 37th office.