A joint-venture partnership between Ivy Equities, LCOR, Inc., Intercontinental Real Estate Corp. and CalSTRS that developed Novo Nordisk’s North American headquarters has sold the 770,000-square-foor office complex to South Korean investment firm Hana Asset Management for $305 million, or about $396 per square foot.
According to Cushman & Wakefield, which arranged the building sale, the sales price represents the highest single-asset office sale…
Table of Contents
- REALTORS® Advocate in Washington for Communities Back Home: A Note From the President
- Advocacy: Crowdfunding: Rules, Regulations, and Real Estate
- Professional Advice: Three Ways to Torpedo a Transaction
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Feature: Industrial… Read More
- “When in groups of movers and shakers, listen and then pass your card. When one-on-one pay close attention and speak when asked a question.” John Walters
- “Smile, don’t hang with people you already know, and try to introduce someone you don’t know to someone else you don’t know!” Raphael Barta, SFR
- “Research the attendees list for people you want to meet and be ready to bring value to the conversation.” Chad Gleason, CCIM
- “Participate in charities: give your money and your time to ...
AUG
2016
RSS feed for Items tagged ‘Commercial’
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AUG
2016
Paul J. Massey, Co-founder and Former CEO of Massey Knakal, Launching Campaign to Become New York City’s Mayor in 2017
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| Cushman & Wakefield’s Paul J. Massey, co-founder and former CEO of Massey Knakal, announced he ... |
AUG
2016
In Spite of Brexit Challenges, Largest Global CRE Firms Report Robust Leasing, Sales Activity
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CRE Executives Tout Solid Fundamentals, but Expect Continued Deceleration in Investment Sales Market for Balance of 2016
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CBRE Group, JLL, Colliers International and Marcus & Millichap reported strong transaction activity at mid-year 2016, with most reporting solid increases in U.S. leasing and sales, in spite in investor skittishness due to Brexit concerns that have caused delays and some cancellations of transactions across the pond in the UK and Europe.
Executives ...
AUG
2016
Hines REIT Begins Property Selloff
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Preferred Apartment Communities Buys 7 Grocery-Anchored Centers; Fortis Buys Chase Tower
This week, Preferred Apartment Communities Inc. acquired seven grocery-anchored shopping centers with 650,400 rentable square feet in Georgia, Florida, Texas and North Carolina for $158 million, about $243/square foot. Preferred purchased the properties through its wholly-owned subsidiary New Market Properties LLC.
Last week, Fortis Property Group, a Brooklyn, NY-based investor, acquired the signature Chase Tower at 2200 Ross ...
AUG
2016
Apartment REIT’s Grocery Subsidiary, New Market Properties, Enters New Markets in North Carolina, South Florida
Purchased Grocery-Anchored Portfolio
| Center | Market | SqFt |
| Shoppes at Parkland | Parkland, Florida | 145,720 |
| Cherokee Plaza | Atlanta, Georgia | 102,864 |
| University Palms Shopping Center | Oviedo, Florida | 99,172 |
| Thompson Bridge Commons | Gainesville, Georgia | 92,587 |
| Sandy Plains Exchange | Marietta, Georgia | 72,784 |
| Heritage Station | Wake Forest, North Carolina | 68,641 |
| Oak Park Village | San ... |
AUG
2016
2016 Q2 Commercial Real Estate Market Survey
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The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing transactions, along with information on current economic challenges and future expectations.
Highlights
- 66 percent of REALTORS® closed a commercial sale.
- Sales volume rose 8.4 percent from a year ago.
- … Read More
AUG
2016
Transaction to Create a Global Net Lease REIT with Enterprise Value of $3.3 Billion
With assumption of debt included, the deal has a transaction value of $647.9 million.
The combined company will retain the Global Net ...
AUG
2016