CBRE
CBRE Settles $17M Office Sale
Located at 2382 and 2386 Faraday Ave. in Carlsbad, Calif., the two-building property was recently renovated with both indoor and outdoor improvements, such as private courtyards and fiber optics.
Industry Faces Shortening Runway in 2018
The U.S. economy is showing few signs of deceleration, creating a matrix of growth opportunities across markets and property types. But for all its strengths, the real estate industry still faces its fair share of headwinds, as the post-recession recovery borders on a decade.
Downtown Charlotte Office Trades for $24M
Somerset Properties acquired the recently renovated 129 West Trade. The asset was 63 percent leased at the time of sale, housing a mix of notable tenants.
Slate Office REIT Snags Chicago Office Building for $156M
The Toronto-based company acquired the 23-story 120 S. LaSalle and also entered into an agreement to sell a group of Water Street properties in St. John’s, Newfoundland for $17.5 million.
Griffin-American REIT Buys $24M MOB in Seattle
Virginia Mason Health System and Swedish Health Services are among the tenants of the 1991-built property. The buyer financed the acquisition using cash on hand and borrowings.
Sale of Hyatt Centric Santa Barbara Closes
Chesapeake Lodging Trust sold the 200-key property to an undisclosed buyer after a five-year hold, during which the countywide hospitality market has thrived.
The Koll Co. Buys 65 KSF CA Office Asset
The firm has added to its portfolio an office building located between Riverside and Orange counties. CBRE worked on behalf of the seller, UBS Realty Investors.
NAI Nabs Atlanta Industrial Leasing Assignment
The newly built, 432,000-square-foot industrial cross-dock facility recently changed hands, when Cabot Properties acquired the asset from Huntington Industrial Partners.
Spaces Takes 66 KSF in West LA
The coworking firm continues to capitalize on demand for flexible work space with a lease at the former Univision building, now owned by CBRE Global Investors.
Atlanta Retail Asset Trades for $12M
GDC Properties sold a Walgreens-anchored 45,279-square-foot shopping center in the city’s Cascade corridor. A private investor purchased the asset using a Deutsche Bank loan.