Asset Manager News & Perspectives

May 20, 2016

Phillips Edison Grocery Center REIT II, Inc. Acquires Three Grocery-Anchored Shopping Centers in Three States

May 18, 2016 10:06 AM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisition of three grocery-anchored shopping centers, expanding the Company’s portfolio in Texas, California and Georgia. Stone Gate Plaza is a 90,643 square foot grocery store-anchored shopping center in Crowley, Texas, a suburb 15…

May 20, 2016

Griffin Capital Essential Asset REIT II Acquires NETGEAR Headquarters in San Jose, California

May 19, 2016 16:28 ET | Source: Griffin Capital photo-release EL SEGUNDO, Calif., May 19, 2016 (GLOBE NEWSWIRE) -- Griffin Capital Corporation (“Griffin Capital”) announced today, on behalf of Griffin Capital Essential Asset REIT II, Inc. (the “REIT”), the acquisition of a 142,700 square-foot office and R&D facility fully leased to NETGEAR, Inc. (“NETGEAR”) (NASDAQ:NTGR)…

May 18, 2016

Houston real estate firm buys Memorial-area apartments to develop mixed-use project

May 17, 2016, 8:08am CDT | Houston Business Journal A Houston-based real estate investment firm bought a multifamily property in the Memorial City area with plans to eventually develop a mixed-use project on the site. Moody National Cos. bought the 164-unit Le Renaissance apartment community from Texas Pinnacle Apartments for an undisclosed price, according toTranswestern’s…

May 18, 2016

Nontraded REIT company Cole Capital on the mend

Sales at the once-tarnished company are up fourfold this year May 17, 2016 @ 1:35 pm | By Bruce Kelly | Investment News After a disastrous 2015, Cole Capital Corp. has rebounded strongly in a tough market environment and seen more than a fourfold increase in sales of nontraded real estate investment trusts over the first four…

May 18, 2016

Gemdale Properties & Investment and Hines Partner on Transformational Boston Development

May 13, 2016 | Blau Journal Global real estate firm Hines and Gemdale Properties & Investment Corporation Limited(“Gemdale PI”), today announced a new joint venture to redevelop Boston’s South Station into a transportation hub and mixed-use complex. The first phase of this transformational project will include the tallest building in Boston’s financial district and fourth-tallest…

May 17, 2016

KBS Strategic Opportunity REIT to Buy San Francisco Office Building for $170 Million

KBS Strategic Opportunity REIT Inc., a publicly registered non-traded business development company, entered into an agreement to purchase 353 Sacramento in San Francisco for $169.5 million plus closing costs. The seller, Pacific EIH Sacramento LLC, is not affiliated with the company. Built in 1982, the class A, 284,800-square-foot office building sits on 0.35 acres of…

May 17, 2016

Corporate Capital Trust II to Begin Disclosing Net Asset Value on a Monthly Basis

Orlando, Fla., May 12, 2016 (GLOBE NEWSWIRE) -- Corporate Capital Trust II, a new, non-traded business development company (BDC), announced that beginning in May 2016, it will publish its net asset value on a monthly basis. This data point is generally provided on a quarterly basis among those in the industry, making Corporate Capital Trust…

May 17, 2016

Hines Said to Offer $5.5 Billion Real Estate Portfolio Sale

May 13, 2016 — 4:52 AM EDT | by Jack Sidders | Bloomberg An office building leased by Morgan Stanley in London’s Canary Wharf district is being offered for sale by U.S. real estate company Hines as part of a $5.5 billion property portfolio disposal, according to a person with knowledge of the matter. The Houston-based company, which…

May 13, 2016

KBS Strategic Opportunity REIT Buys Washington Portfolio for $128 Million

May 12 2016 | by DI Wire KBS Strategic Opportunity REIT, a publicly registered non-traded real estate investment trust, purchased the Westpark Portfolio in Redmond, Washington for $128 million. “The dynamic location of the Westpark Portfolio presents a compelling opportunity for KBS, and tenants will enjoy the live-work-play environment, mass-transit options and accessibility,” said Jeff…