Posts Tagged ‘Asset’
Chicago RE Firm Snatches San Diego Medical Asset
Excel Centre, a medical office building in San Diego, Calif., has recently been acquired by a Chicago-based real estate firm. MBRE Healthcare bought the 82,157-square-foot property from institutional investor ShopCore Properties, in a $37.1 million transaction. According to Yardi Matrix data, the buyer paid $452 per square foot for the three-story Class B asset…
Read MoreMorning Calm Dishes Out $39M on Boca Raton Office Asset
Morning Calm Management–a Florida-based real estate investment and management firm with over 5 million square feet of commercial real estate throughout the U.S.–has acquired the four-story office building at 301 Yamato Road in Boca Raton, Fla., in a $39 million deal brokered by Marcus & Millichap. “The asset’s historically stable tenancy and premier location…
Read MoreKimco Spends $132M on Oregon Retail Asset
HFF announced the closing of a $132 million deal for one of the largest open-air retail centers in Oregon. The 67-acre Jantzen Beach Center on Portland’s Hayden Island was purchased by Kimco Realty Corp., clear of any existing debt. Portland’s dominant shopping destination has thrived in recent years and, according to the buyer, the mall…
Read MoreAllianz, CXP Join Forces to Acquire Prime Office Assets Across the US
New York-based Allianz Real Estate and Columbia Property Trust of Atlanta have formed a joint venture focused on acquiring and managing Class A office properties in select markets across the U.S. As part of the newly created initiative, the two firms have contributed three unencumbered properties with a combined gross asset value of $1.26 billion, located…
Read MoreKKR, Harvest Properties Snatch Class A Oakland Office Asset
California-based Harvest Properties and global investment firm KKR of New York City have acquired a prime office property in the heart of downtown Oakland. The two companies are the proud new owners of 180 Grand Ave., a Class A, 15-story, multi-tenant office building incorporating 278,596 square feet of space. Harvest and KKR purchased the property…
Read MoreHNA Group Shifts Focus in Its Manhattan Assets
HNA Property Holdings LLC, the real estate investment and management subsidiary of HNA Group, announced it is planning to sell its stake in the office building at 1180 Avenue of the Americas, in Midtown Manhattan. The 400,000-square-foot property is currently 100% leased, with the anchor tenant occupying approximately 126,000 square feet through November 2021. The…
Read MoreAsian Investment in US Trophy Office Assets Quadrupled in 2016
There’s been much talk lately of record Asian capital being pumped into the U.S. commercial real estate market, especially in the past year. Foreign investors stole the spotlight in 2016, injecting billions in commercial assets, with a clear preference for the office and hospitality sectors. Anbang Insurance Group’s $5.5 billion buyout of Strategic Hotels &…
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