Capital improvement
St. Louis Business Center Changes Ownership
Green Street St. Louis acquired Cassens Business Center for $2.3 million in 2016 and completely renovated the property before selling it for $14 million with the assistance of Stan Johnson Co.
OneLegacy Buys LA-Area HQ
The buyer intends to move to the nearly 100,000-square-foot asset from its downtown Los Angeles location, with plans to add a recovery center and conference center.
Sacramento LEED Platinum Office Asset Commands $127M
The Evergreen Co. purchased the 385,844-square-foot Class A high-rise in the city center through a partnership with UAIC Development Corp.
Industrial Investment: What Makes a Successful Value-Add Strategy
Scott Sealy Sr., chairman of Sealy & Co., shares insights into how location can close the gap between yesterday’s and today’s industrial assets.
Graduate Hotels Expands in OR
Following the June 2018 acquisition, the company has implemented major renovations in order to convert the building into a Graduate Hotels-branded property.
Velocis Completes 4th Atlanta Office Buy
The fund manager intends to implement a series of upgrades at the three-building Sugarloaf Corporate Center located in the heart of Gwinnett County.
Magnolia Capital JV Buys Nashville Office Portfolio
The two Class B properties traded for $32 million. The buildings add up to more than 125,000 square feet and are located in the Brentwood submarket.
Founders Properties Buys Raleigh Office Portfolio for $23M
The three-building Class C office campus contains nearly 155,000 square feet. The buyer landed $14.5 million in financing for the deal.
Transwestern to Lease MN Office Tower
The 30-story property underwent a complete renovation in 2018. Osborn370 offers floorplans ranging from 3,000 to 20,000 square feet.
Netflix Takes 100 KSF in Manhattan
The company will house 127 new positions, alongside 32 current employees, in a Flatiron District building owned by Normandy Real Estate Partners.