Newmark Knight Frank
KBS Unit Sells $1.2B Office Portfolio
The sale of 11 Class A properties still leaves KBS Real Estate Investment Trust III Inc. with 20 assets valued at more than $3 billion.
LA-Area Office Asset Sells for $51M
A New York-based company acquired the two-building property and is set to renovate it for media, tech and entertainment tenants.
GA Shopping Center Trades for $24M
The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick’s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.
Rialto Relocates to Florida’s Tallest Office Tower
The investment and asset management platform leased 46,750 square feet at Southeast Financial Center, a 55-story Class A building in downtown Miami.
Fund Buys 3 MSF Self Storage Portfolio
SROA Capital Fund VII picked up the 50 properties, spread across six states. The sale marks one of the largest of its kind.
Shorenstein Sells San Jose Office Campus for $128M
The company acquired the asset in 2015 and invested $30 million in a capital improvement program. The property was fully leased at the time of sale.
Longfellow Real Estate Partners Acquires San Diego Office Property
The company will continue an extensive renovation plan that the previous owner begun, repositioning Sycamore Creek Research Park to accommodate life science and creative office users.
Converted Brooklyn Creative Office Receives $205M Refi
Newmark Knight Frank arranged the floating-rate loan for the refinancing of the historic—and recently repositioned—building on the East River in DUMBO.
Inland Empire Industrial Asset Lands 2 Tenants
The two companies signed leases totaling some 250,250 square feet, encompassing the entire Class A distribution center in Ontario, Calif.
Investcorp JV Sells Seattle Office Tower for $305M
The Bahrain-based firm, along with Schnitzer West, sold the Class A asset in the city center to Vanbarton Group after three years of ownership. The 41-story building is fully occupied.