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Office: deals
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Developer Buys Cambridge Office Building For Residential Conversion: The Boston Deal SheetSeattle-based Tourbineau proposed its first project in Boston, a conversion of 955 Massachusetts Ave. in Cambridge.
Representative imageBXP Sells D.C. Office to Jemal Equities for $92MBXP has unloaded a 254,000-square-foot office building in Washington, D.C.’s Dupont Circle for $92.3 million as the firm sheds older properties in the nation’s capital.
Family Office Acquires Fresno Apartments from Long-Term OwnerNorthmarq’s Fresno Investment Sales team, led by Robin Kane and Brendan Kane, brokered the $2.23-million sale of 1550 W Swift Ave., an 18-unit multifamily property located at 1550 W. Swift Ave. in Fresno. The Northmarq team represented the seller, a Colorado-based family office.
Hudson Pacific Sells San Francisco Office BuildingsHudson Pacific divests two San Francisco buildings, boosting capital while reducing risks. Learn more about its strategic moves.
PAULS Re-Acquires 15-Story Denver Office TowerPAULS acquired Regency Plaza, a 15-story, 335,908 square foot Class A office tower located at 4643 South Ulster Street in the Denver Tech Center. The building was purchased from Granite Properties.
Berkadia Negotiates $54.7M Sale of Sagecliff Apartment Community in RenoRENO, NEV. — Berkadia has directed the sale of Sagecliff, a multifamily property located at 2777 Northtowne Lane in Reno. A California-baed real estate investment firm sold the asset to a California-based private family office for $54.7 million.
Representative imageFaris Lee Investments Brokers $38.7M Sale of Two-Tenant Retail Property in Lakewood, CaliforniaLAKEWOOD, CALIF. — Faris Lee Investments has arranged the sale of a two-tenant retail property within Lakewood Center in Lakewood. A consortium of multiple owners sold the asset for $38.7 million to a high-net-worth family office.
Moishe Mana Drops $89M On Fort Lauderdale Office: The South Florida Deal SheetMoishe Mana buys Fort Lauderdale office building for $89M, marking his first venture in Broward County.
Basin Street Adds 113K SF To North Bay CRE Portfolio: The San Francisco Deal SheetBasin Street boosted its North Bay CRE portfolio with 113K SF in San Rafael, enhancing its footprint through two value-added office investments.
Vintage San Francisco Office Properties Trade HandsSeven Equity Group acquired 875 and 899 Howard, a two-building office property totaling roughly 280,000 square feet in downtown San Francisco, for $65.5 million. Commercial Search reports that Genesis Capital Group originated a $51 million acquisition loan.
Parkside Adds to Atlanta Office HoldingsParkside Partners bought The Peachtree, a 21-story building at 1355 Peachtree St., intending to undertake a significant makeover. Coastal States Bank provided acquisition financing.
Representative imageU.S. Government Pays $285M for Defense Health Agency HQ in Northern VirginiaThe federal government has acquired the Defense Health Agency’s Northern Virginia headquarters for $285 million, adding another large leased office campus to the nation’s real estate portfolio.
Hudson Pacific Sells Nearly Vacant San Francisco Office Complex for $65MHudson Pacific Properties, Inc. said Friday it completed the sale of 875 and 899 Howard, two downtown San Francisco properties totaling approximately 284,000 square feet, for $65.5 million before prorations and closing costs. The buyer was not disclosed.
Harbor Associates Sells Office Campus in North L.A. County for $32MStrauss Investments has acquired a smaller two-building office campus in northern Los Angeles County for $32 million.
Buchanan Acquires Dallas Office TowerBuchanan Capital Partners purchased the Churchill Tower, a 277,268-square-foot Class A office tower in Dallas’s Park Central submarket. TXRE was the seller. The 12-story tower is located at 12400 Coit Road.
Tempus Realty Partners Acquires 546,548 SF Office Property in Minnesota for $66MHOPKINS, MINN. — Tempus Realty Partners, an Arkansas-based real estate investment firm, has acquired Excelsior Crossings, a two-building office property totaling 546,548 square feet in Hopkins. The purchase price was $66 million.
Charlotte Office Park Sells For $64M With Plans For Food And Beverage SpaceInvesticore Holdings USA LLC acquires ThExchange office park in Charlotte for $64M, eyeing growth in the city's thriving real estate market.
Moishe Mana Buys Discounted Fort Lauderdale Office Tower for $89MMoishe Mana has ventured out of Miami and into Fort Lauderdale, nabbing a discount to buy a 30-story office building for $89 million, property records show.
KBS Acquires 26-Story Austin Office TowerKBS completed the sale of 515 Congress, a 26-story, 267,956-square-foot Class A office tower at the corner of Congress Avenue and Sixth Street in downtown Austin, Texas. A joint venture of Palmatum Ventures, AQUILA and Glendon Capital Management acquired the property.
Fred Hutch Cancer Center Buys $18M Federal Way Office BuildingFred Hutchinson Cancer Center has completed the $18 million acquisition of a former DaVita office building in Federal Way. Realty Income sold the building, which it acquired from Weyerhaeuser for $19.