Deals: archive
Every Deals story in Real Estate, newest first. 670 stories
6 stories
Slate and One Investment Management agree to buy eight Oslo-area retail parks
Connect CRE reports Tellus Eiendom AS has agreed to sell the eight grocery-anchored centers in Greater Oslo for about €250 million, or US$279 million.
TKO makes $2B unsolicited cash bid for Service Properties Trust's 93 hotels
The Oct. 7 offer tops the REIT's market capitalization and would complete its exit from hotel ownership.
RBC plans to vote against H&R REIT's $2.8B GO Residential asset sale
Mill Pond Capital has already rejected the sale; the transaction is expected to close in the fourth quarter.
Principal Asset Management buys Denver industrial project from Opus before delivery
The 386,000-square-foot Novera Commerce Center in Westminster is expected to deliver in the second half of 2027, per Connect CRE.
TKO makes unsolicited $2 billion cash offer for SVC's hotel portfolio
SVC says it will study the proposal and had no prior contact from TKO, according to Connect CRE.
BKM, Kayne Anderson buy Sandy Springs industrial campus for $100M
Third & Urban sold the 471,000-square-foot property; the deal lifts BKM's metro Atlanta holdings to roughly 1.5 million square feet.
1 story
Braemar puts Four Seasons Scottsdale under contract for $372M
The agreement brings disclosed hotel sales to about $1 billion to fund the $480 million Ashford termination fee.
7 stories
OMP pays $58.5M for La Mirada industrial leased to MEI
CBRE represented Brookfield on the sale and its debt team secured the financing.
Interstate Equities pays $83.5M for Hercules apartments with $54.275M Freddie Mac loan
JLL arranged the sale and a five-year acquisition loan through Freddie Mac for the 232-unit community, Connect CRE reported.
Nuveen Real Estate buys Aurora retail center for $36.3M
Gerrity Group sold the Safeway-anchored Highpoint Marketplace, which it bought in 2018 for $24 million, Connect CRE reported.
ORIX Corp. USA buys 322-unit Austin apartment property Strata from Maverick Development
Franklin BSP Realty Trust issued a $42 million acquisition loan scheduled to mature in 2031, per Multi-Housing News.
Real Capital Solutions and Dunton acquire Denver Tech Center's Terrace Tower
The 12-story, 243,464-square-foot Class A office building traded for an undisclosed price; RCS says its acquisition basis is substantially below estimated cost, per Connect CRE.
KBS announces sale of San Jose's Almaden office campus to SFF Realty Partners
The three-building Almaden campus received more than $49 million in capital improvements during KBS's ownership, the seller says.
Interstate Equities buys Hercules, Calif. apartments for $83.5M
JLL represented seller Hercules Development Partners and arranged a $54.275 million five-year Freddie Mac acquisition loan.
12 stories
Assembly Real Estate and FitzWalter Capital buy $140M D.C. office loan for $79.5M
The buyers took 700 Sixth Street NW through a deed in lieu of foreclosure, paying about 51% of the building's most recent assessed value.
Blackstone sells Peninsula Marketplace in Huntington Beach to Westwood for about $56.2 million
The price equals about $589 per square foot for the 98.8%-occupied center.
KBS closes sale of Zoom's San Jose HQ campus to SFF Realty Partners
Connect CRE calls the 416,126-square-foot Almaden campus the largest multi-tenant San Jose office sale since the pandemic.
Jemal Real Estate, DivcoWest and JLS form DC office-to-apartment conversion venture
The venture plans 323 apartments at 1255 23rd Street NW, with Madison Realty Capital providing a $40 million loan for acquisition and predevelopment.
Waterton acquires 453-unit City Walk at Woodbury, plans value-add
Connect CRE reports two four-story buildings, a clubhouse and 24,000 square feet of retail.
FPA Multifamily buys Kent, Wash., apartments for $72M, $196,721 a unit
Institutional Property Advisors represented seller RISE Properties and procured the buyer for the 366-unit, 1980-vintage Groves Apartments.
Andover and Heitman form self-storage JVs with more than 106 properties
The firms say the ventures span value-add and core-plus strategies and that they expect the portfolio to expand across US markets.
DivcoWest, Jemal plan DC office-to-apartment conversion with $40m loan
Madison Realty Capital's loan covers acquisition and predevelopment on a 342,000-square-foot West End building slated for about 323 units.
San Manuel pays $241.4 million for Fairmont Scottsdale Princess hotel portion
Records put the hotel portion at $322,000 per key; the resort-wide price was not disclosed.
Buchanan Capital and Vault Partners close first joint venture on Houston cross-dock
The 321,120-square-foot project at 222 Holmes Road sits in a submarket with vacancy near 3.6 percent, according to the announcement.
Tishman Speyer closes first TS Plus Europe acquisition, Vienna student housing block
The 2024-completed Erdberg property has 466 rooms, a restaurant, café and office space; no purchase price was disclosed.
Tishman Speyer finalizes 150-year Chrysler Building ground lease
Tishman Speyer and its partners will fund the 150-year ground lease and redevelopment entirely with equity, IREI reported.
4 stories
San Manuel Investment Authority buys Fairmont Scottsdale Princess
Connect CRE reports the 750-key Arizona resort changed hands without disclosing a price or seller.
Hines buys Dallas Bishop Arts Portfolio for $170.5M via Hines Global Income Trust
Connect CRE reports the apartments are 95% leased and the retail is 98% leased across 22 tenants.
Janus Living pays $123.5M for 174-unit Greensboro senior living community
The 6.65-acre Harmony at Greensboro campus on Whitehurst Road includes independent living, assisted living and memory care units.
Bain, BGO, Blackstone and Warburg Pincus prepare final bids for Fuji Media's Sankei Building
Final offers for Sankei Building are expected by the end of October, with the business valued at roughly ¥1 trillion, or $6.3 billion, including debt.
10 stories
BH3 joins Dacra and L Catterton to revive Miami Design District office tower with 40% more space
The 20-story project would carry 250,000 square feet of office, up from 180,000 in a 2022 plan that never landed tenants or a construction lender.
Avenue Capital enters €65m Irish housing JV with Duffy Property
The US opportunistic credit firm's Homebuilder Capital Solutions Fund, backed by Ireland's state investment fund, will part-fund more than 800 homes and a student scheme in Galway and Cork.
Ambrose sells fully leased Whitestown industrial building for $38M
The sale prices the 233,348-square-foot building at about $163 a square foot; Connect CRE's report named neither buyer nor tenant.
JLL arranged $195 million sale of Chicago two-level logistics building
The 571,423-square-foot property sold for roughly $341 a square foot, with the report naming no cap rate and no buyer beyond a global e-commerce company.
Trinity Capital and Mortenson buy 15-acre Richmond industrial site
The joint venture plans 231,120 square feet across two rear-load buildings in a Northlake Business Park submarket that is 99% leased.
Posel lists 16 Philadelphia-area retail properties with more than $81 million in published asks
The portfolio spans more than 631,000 square feet and 64 acres at 99.8 percent occupancy and can be bought property by property.
BDT & MSD buys majority stake in Sunrise Senior Living at $1 billion valuation
Canada's Public Sector Pension Investment Board sells the majority stake, and the purchase is the firm's first investment in senior housing.
OHT Partners breaks ground on 402-unit Austin apartment project
The Barton, on more than 60 acres off State Highway 71, is scheduled to deliver its first residences in the first quarter of 2028, but no construction lender or equity partner has been named.
AXS Opportunity Fund acquires 20-story One North Central in Phoenix
Newmark represented seller Parallel Capital Partners, which bought the 429,120-square-foot tower for $93 million in 2015.
LogiPropCo buys 76 acres in Buckeye for third Phoenix project
Sonoran Logistics Park is slated for 1,226,832 square feet across two buildings, with delivery expected in early 2028.