AEW Capital to Pay $300Mln for 650 California St. in San Francisco
San Francisco Business Times AEW Capital Management has agreed to pay $300 million for 650 California St. in downtown San Francisco. If the deal closes, the 490,000-square-foot building would trade for more than double the $138 million its current...
Developer Sells Large Stake in Suburban Dallas Retail Complex
Dallas Morning NewsLocal developer Karahan Cos. has sold a large stake in the Shops at Legacy, a 375,000-square-foot retail and entertainment complex in the Dallas suburb of Plano, Texas, to Inland Western Retail Real Estate Trust Inc. Karahan developed...
Rreef Hires CBRE to Market Massive Industrial Portfolio
Dallas Business JournalRreef has tapped the Dallas office of CB Richard Ellis to market an industrial portfolio totaling 8 million square feet in 14 major markets. The 85-property portfolio averages 86 percent occupancy in buildings that are on average...
Hines’ Core Fund Buys Another Office Building in Charlotte
Hines Sumisei U.S. Core Office Fund has agreed to pay about $140 million for the Carillon building, a 469,226-square-foot office property in Charlotte, N.C. The fund, which is part owned by Hines REIT of Houston, is buying the 24-story...
Sarasota Office Building Sells for $15.7Mln
Tampa Bay Business JournalOsprey SA has purchased the Sarasota Commerce Center I, an 81,118-square-foot office building in suburban Tampa Bay for $15.7 million. The property at 100 Arthur Andersen Parkway in Sarasota, Fla., was sold by DA Commerce Center...
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