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AUSTIN-- Southwest Medical Village, a recently constructed class A medical outpatient facility in the southwest submarket, has been sold. CBRE Capital Markets' Institutional Properties Group announced the sale; Denver-based EverWest Real Estate Partners LLC worked with the buyer to purchase the asset for an undisclosed price. Gary Carr, Eric Mackey, John Alvarado and Robert Hill, with CBRE's Dallas office, represented the seller, Harrod Healthcare Development.
MIAMI— PNC Realty's Daniel Cunningham moderated a discussion between John Kovacevich, director of Fannie and Richard Martinez, vice president of Production and Sales at Freddie, to get some answers during RealShare Apartments East in Miami last week.
NEW YORK CITY—Declining energy prices are “largely positive for the US economy,” but have also led to some industrial markets here and in Canada rethinking their outlooks, says Cushman & Wakefield.
EDISON, NJ–HFF closed the sale of and secured acquisition financing for One Truman Drive South, a 369,313-square-foot industrial warehouse facility in Edison, NJ. The firm did not disclose the transaction amount, but an industry participant familiar with the transaction says it priced at about $63-64 per square foot, or just under $24 million.
PHILADELPHIA, PA—Deal flow in the healthcare and multifamily sectors has been robust, particularly in the University City area of Philadelphia, according to the Deal Flow Panel at the ALM Media RealShare Philadelphia conference held February 10 at the Union League.
LA JOLLA, CA—The seven-story, $456 million heart hospital, the centerpiece of the campus master plan, beings serving patients this month after nearly four years of planning and construction.
FOUNTAIN VALLEY, CA—The 6.5 acre site that includes a Curacao Department Store was acquired by Spirit Realty Capital, a publicly-traded Arizona REIT whose core business is single-tenant sale/leaseback.
NEW YORK—A new report by Cushman & Wakefield shows that Midtown Manhattan commanded $131 a square foot annually, and that most global markets are in growth mode.