trending Market Intelligence /marketintelligence/en/news-insights/trending/dvajfi1cqkqlwborkfzjvq2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Washington REIT sells DC building for $102M; HFZ Capital buys NYC asset for $30M

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Washington REIT sells DC building for $102M; HFZ Capital buys NYC asset for $30M

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

* Washington Real Estate Investment Trust sold a 292,000-square-foot office building at 2445 M St. in Washington, D.C., for $101.6 million in June.

* HFZ Capital Group LLC bought a property with two five-story buildings encompassing about 20,000 square feet at 20-22 W. 30th St. in Manhattan, N.Y., for $29.8 million from investor Henry Chen, The Real Deal reported, citing property records, adding that the buyer plans to build a 600,000-square-foot office building at the property.

* Industrial Logistics Properties Trust agreed to acquire a 100%-occupied, 221,000-square-foot single-tenant, net-leased property in Upper Marlboro, Md., for $29.3 million in a deal expected to close before the end of the third quarter.

* CA Ventures and White Oak Realty Partners paid $24.8 million for the Father and Son Plaza in Chicago, with plans to construct an apartment building with ground-floor retail, The Real Deal reported, citing Cook County property records.

* A joint venture of Realm Estate LLC and Bascom Group LLC purchased 1.7 acres of land in the Fashion District of Downtown Los Angeles for about $24.3 million. The land is entitled and planned for the development of a 33-story, 452-unit high-rise multifamily community.

* Universal Health Realty Income Trust acquired the 11,500-square-foot, 100%-leased Beaumont Medical Sleep Center building in Southfield, Mich., for about $4.0 million in June.

* Starwood Capital Group acquired an 11-asset, about 3,000-unit multifamily portfolio in Charlotte and Raleigh, N.C., for an undisclosed amount.

* Blink Fitness signed a multi-property lease agreement with Seritage Growth Properties to bring its 17 corporate and franchisee-owned gyms to major metropolitan areas across 10 states.

Additional coverage

Equity Residential selling NYC apartment building for $416M

TMG Partners sells Oakland office building to KKR for $173M

Report: Blackstone emerges as buyer of Tricon's manufactured-housing portfolio

Report: Equity Commonwealth to sell Chicago office asset for $143M

GBT Realty buys Md. retail center, air rights for $92M