Private Equity
Harbor Associates and Goldman Sachs Asset Management Private Real Estate have acquired Valencia, California-based The Commons, a two-building 156,628-square-foot office campus, for $33.1 million. And in a separate deal, Harbor and Blue Vista Capital Management have acquired Thousand Oaks, California-based Conejo Corporate Campus, a 198,478-square-foot low-rise office campus, for $22.9 million.
5 min read · 19 February 2018
Equity Commonwealth has sold Philadelphia-based 1600 Market Street, an office tower, to an affiliate of American Real Estate Partners. The transaction was for $160 million. Holliday Fenoglio Fowler LP represented Equity Commonwealth on the sale.
3 min read · 16 February 2018
Mount Elbert Capital Partners, GIC and OPTrust have formed EdgeCore Internet Real Estate LLC, an investment firm that will focus on developing, acquiring and operating data centers in North America. EdgeCore will initially be capitalized with over $800 million in equity targeted to support about $2 billion in data center development and investment.
3 min read · 14 February 2018
Washington, D.C.-based PRP, a real estate investment management company, has acquired two office buildings: 4900 Seminary Road and 4825 Mark Center Drive in Alexandria, Virginia. The seller was CIII. No financial terms were disclosed.
2 min read · 12 February 2018
Starwood Capital Group and Land Strategies Management have acquired a portfolio of residential and commercial real estate assets from Forestar Group for $232 million. The acquisition was made via a joint venture. The assets are located in markets that include Texas, Charlotte, Nashville, Raleigh and Denver.
3 min read · 09 February 2018
Jernigan Capital Inc has invested $11.7 million in a proposed conversion of an existing building into a Minneapolis-based self-storage project. Construction is expected to begin in the second quarter of 2018 and to be completed in the second quarter of 2019. Charlotte, North Carolina-based Cascade Storage Partners LLC is serving as the developer of the proposed project.
2 min read · 09 February 2018
Freshwater Investments has acquired Kent, Washington-based The Lighthouse Apartments, a multifamily community. No financial terms were disclosed.
2 min read · 08 February 2018
Laurus Corp, a private real estate investment and development firm, has sold the 501 Technology Drive building in Southpointe Business Park, Canonsburg, Pennsylvania. No financial terms were disclosed for the sale of the office building.
3 min read · 08 February 2018
The U.S. real estate team of Schroders has named David Sullivan as head of strategic partnerships, North America. Previously, Sullivan was senior director at Baring Real Estate Advisers.
3 min read · 07 February 2018
Blackstone has raised over $5.5 billion for its second Asia real estate fund, according to an SEC filing. No target was listed on the document.
1 min read · 07 February 2018
