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BOSTON—The property will be placed in the portfolio of open-ended real estate mutual fund Deka-ImmobilienGlobal. JLL represented Blackstone in the sale of 175 Federal St. The property was put on the market for sale in January.
SAN DIEGO—There's really good arbitrage in buying a class-B building and turning it into a cool environment for tech firms, JLL's Jay Alexander tells GlobeSt.com in this <b>EXCLUSIVE</b> look at the dichotomy among submarkets.
HARRISBURG AND HARLEYSVILLE, PA—Broadstone Net Lease has acquired two properties tenanted by Nationwide Mutual Insurance Co. via a sale leaseback transaction for a combined purchase price of $54.6 million.
NEW YORK CITY—As regulatory scrutiny of construction increases, it's essential to anticipate risk with a comprehensive compliance program before breaking ground, writes Lemire LLC's Elan D. Parra in this <b>EXCLUSIVE</b> commentary.
EAST HANOVER, NJ—Bergman Real Estate Group has sold 100 Eagle Rock Avenue in East Hanover to Zeinvest Real Estate Group in a sale arranged by Cushman & Wakefield's Metropolitan Area Capital Markets Group. The sale price was not disclosed, but Bergman paid about $6.4 million when it bought the property in 2014.