{"id":1004554953,"date":"2021-10-28T10:33:35","date_gmt":"2021-10-28T18:33:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004554953"},"modified":"2022-12-05T07:44:37","modified_gmt":"2022-12-05T15:44:37","slug":"transaction-highlights-november-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/","title":{"rendered":"Transaction Highlights: November 2021"},"content":{"rendered":"
\"\"<\/a>

Two Financial Center. Image courtesy of ASB Real Estate Investments<\/p><\/div>\n\n\n

\n
READ THE DIGEST<\/a><\/div>\n<\/div>\n\n\n

SALES<\/h3>\n\n\n
Property<\/td>Asset Type<\/td>Location<\/td>Buyer<\/td>Seller<\/td>Notes\/Arranged By<\/td>Value<\/td>Date Announced<\/td><\/tr>
One Memorial<\/td>Office<\/td>Cambridge, Mass.<\/td>MetLife Real Estate Investment, Norges Bank Investment Management<\/td>Oxford Properties Group, JPMorgan Chase<\/td>–<\/td>$825 Million<\/td>26-August<\/td><\/tr>
PG&E Headquarters<\/td>Office<\/td>San Francisco<\/td>Hines Interests<\/td>Pacific Gas and Electric Corp.<\/td>CBRE represented the seller.<\/td>$800 Million<\/td>31-August<\/td><\/tr>
Safeco Plaza<\/td>Office<\/td>Seattle<\/td>Boston Properties<\/td>Vestas Investment Management<\/td>CBRE represented the seller.<\/td>$465 Million<\/td>3-September<\/td><\/tr>
153 Townsend Street<\/td>Office<\/td>San Francisco<\/td>Ellis Partners<\/td>American Realty Advisors<\/td>Northwestern Mutual provided financing.<\/td>$225 Million<\/td> 14-September <\/td><\/tr>
Two Financial Center<\/td>Office<\/td>Boston<\/td>Nan Fung Group<\/td>Lincoln Property Co., ASB Real Estate Investments<\/td>–<\/td>$210 Million<\/td>27-August<\/td><\/tr>
3100 Lomita Blvd<\/td>Industrial<\/td>Torrance, Calif.<\/td>Rexford Industrial<\/td>Private Investor<\/td>–<\/td>$182 Million<\/td>23-August<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n

FINANCING<\/h3>\n\n\n
Property<\/strong><\/td>Asset Type<\/strong><\/td>Location<\/strong><\/td>Type of Financing<\/strong><\/td>Lender<\/strong><\/td>Arranged By<\/strong><\/td>Borrower \/ Notes<\/strong><\/td>Amount<\/strong><\/td>Date Announced<\/strong><\/td><\/tr>
Los Angeles Office Portfolio (4 Properties)<\/td>Office<\/td>Los Angeles<\/td>Refinance<\/td>Wells Fargo<\/td>–<\/td>Douglas Emmett<\/td>$625 Million<\/td>20-August<\/td><\/tr>
The Artise<\/td> Office<\/td>Bellevue, Wash.<\/td>Construction<\/td>KKR<\/td>JLL arranged the financing.<\/td>Schnitzer West<\/td>$521 Million<\/td>14-September<\/td><\/tr>
The Jacx<\/td> Office <\/td>Long Island City, N.Y.<\/td>CMBS<\/td>Bank of America<\/td>–<\/td>Tishman Speyer<\/td>$425 Million<\/td>20-August<\/td><\/tr>
National Office Portfolio (27 Properties)<\/td> Office<\/td>Nationwide<\/td> Refinance <\/td>PNC Bank<\/td>–<\/td>Menlo Equities<\/td>$400 Million<\/td>8-September<\/td><\/tr>
Bronx Logistics Center<\/td>Industrial<\/td>Bronx<\/td>Construction<\/td> KKR <\/td>JLL arranged the financing.<\/td>Dune Real Estate Partners<\/td>$381 Million<\/td>27-August<\/td><\/tr>
10 Times Square<\/td>Office<\/td>Manhattan<\/td>Refinance<\/td>Deutsche Bank<\/td>–<\/td>L.H. Charney Associates<\/td>$241 Million<\/td>13-September<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n

To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.<\/a><\/em><\/p>\n

Read the November 2021 issue of CPE.<\/em><\/a><\/p>","protected":false},"excerpt":{"rendered":"

A coast-to-coast roundup of noteworthy office and industrial deals.<\/p>\n","protected":false},"author":1269,"featured_media":1004554954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21825],"tags":[],"class_list":["post-1004554953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-finance"],"acf":[],"yoast_head":"\nTransaction Highlights: November 2021 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transaction Highlights: November 2021\" \/>\n<meta property=\"og:description\" content=\"A coast-to-coast roundup of noteworthy office and industrial deals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-28T18:33:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T15:44:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/Transactions-Two-Financial-Center.-Image-courtesy-of-ASB-Real-Estate-Investments.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/\",\"name\":\"Transaction Highlights: November 2021 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/Transactions-Two-Financial-Center.-Image-courtesy-of-ASB-Real-Estate-Investments.jpg\",\"datePublished\":\"2021-10-28T18:33:35+00:00\",\"dateModified\":\"2022-12-05T15:44:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2021\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/Transactions-Two-Financial-Center.-Image-courtesy-of-ASB-Real-Estate-Investments.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/Transactions-Two-Financial-Center.-Image-courtesy-of-ASB-Real-Estate-Investments.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Two Financial Center. 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