Capital Markets

“By completing these asset sales, we are strengthening the overall quality, reducing the average age, and improving the longer-term growth profile of the portfolio,” says Steven B. Tanger, CEO of Tanger Factory Outlet Centers.

The deal, which calculates out to $161,538 per unit marks Aegon RA's first multifamily purchase under its recently formed Workforce Housing Investment program.

“Eric is so unique, both creative and analytical, with a deep financial expertise that will serve his clients well," says Doug Sayer, president and CEO of Colliers in Philadelphia.

Located at the eastern edge of the desirable Sunset Corridor, the class-A Cornell West office building has a consistent history of stable tenancy, making it a safe bet for institutional buyers, says its JLL lead broker.

"Infill product close to New York City has become more expensive to lease and difficult to acquire as a result of limited supply and voracious tenant demand," says Christopher M. Bellapianta of Camber Real Estate Partners.

The Orange County office market is expected to hit $3 billion or $3.5 billion in investment sales volume—a record margin for the submarket.

Todd Albert will lead JLL valuation and advisory for the Great Lakes region, and Robert Delisio will add VAS capabilities in Pittsburgh.

An office portfolio represented an opportunity to acquire a high-profile selection of assets in Tulsa's affluent southern submarkets as the buildings offer an alternative to the area's higher-priced office assets.