trending Market Intelligence /marketintelligence/en/news-insights/trending/a5oub8ryqvkoa8gipmdm8w2 content esgSubNav
In This List

Industrial property sells for $74M in Denver; Los Angeles asset sells for $68M

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Industrial property sells for $74M in Denver; Los Angeles asset sells for $68M

This feature rounds up recent commercial property news and highlights larger deal coverage already published.

* JP Morgan Asset Management paid $74 million to Westfield Co. for Hub 25, a four-building, 95%-leased, 421,499-square-foot class A multitenant industrial campus at 601 E 64th Ave. in Denver, the Denver Business Journal reported.

* Oakwood Worldwide sold the Sawtelle Olympic campus, a three-building property at 2222 Corinth Ave., 2255 Sawtelle Blvd. and 11340 W. Olympic Blvd. in Los Angeles to Vantage Property Investors as a redevelopment opportunity for $67.5 million, The Real Deal reported, citing unnamed sources.

* Sovereign Partners is looking to sell an 11-story office building at 1700 E. Golf Road and a 13-story office building at 1900 E. Golf Road in Schaumburg, Ill., for around $60 million, Crain's Chicago Business reported, citing sources familiar with the offering.

* Westwood Financial acquired the 89,804-square-foot, 97%-occupied Boardwalk at Andersen Springs shopping center in Chandler, Ariz., for $26 million from West Valley Properties, the Phoenix Business Journal reported.

* Sun Hing Foods Inc. purchased a 5.4-acre industrial development site from PGIM Inc. for $20.5 million in City of Industry, Calif., The Real Deal reported.

* Strategic Storage Trust IV Inc. purchased a 94%-leased, 780-unit self storage facility, with about 85,000 net rentable square feet, at 1401 N. Meridian Ave. in Puyallup, Wash., for an undisclosed amount.

* Coty Inc. signed a 10-year, 10,040-square-foot lease at SL Green Realty Corp.'s five-story 30 Times Square building in New York City, including 5,800 square feet of the building's LED billboards, to open a Cover Girl store at an asking rent of $6.5 million per year, the Commercial Observer reported.

Additional coverage

Bedrock gets approval for $2.15B investment in 4 downtown Detroit projects

MBK Real Estate to pay US$382M for 9-asset US seniors living portfolio

FRP Holdings wraps up $347M sale of warehouse portfolio to Blackstone fund

Granite REIT wraps up US$233M Columbus, Ohio, portfolio buy

Report: Host Hotels to sell NYC hotel for $168M