Thursday, July 16, 2020

Global investors fret about future returns

Wealth management is getting complicated, and the pandemic has set off deep-rooted concerns among investors about what's next? Image Credit: Gulf News Archive...

Transactions: June 2020

Park Hacienda. Image courtesy of JLL Capital Markets

READ THE DIGEST

SALES

Property Asset Type Location Buyer Seller Notes/Arranged By Value Date Announced
330 Madison Avenue Office Manhattan Munich Re Abu Dhabi Investment Authority CBRE represented the seller in the transaction. $900 Million 4-Mar
609 Main at Texas Office Houston  KB Financial Group Hines Interests $675 Million 18-Mar
60 State Street Office Boston Starwood Capital Group Oxford Properties Group Newmark Knight Frank arranged the transaction. $614 Million 24-Mar
Hearst Tower Office Charlotte, N.C. Truist Bank Cousins JLL represented the buyer in the transaction. $455.5 Million 31-Mar
The Olivia Office Manhattan Brookfield Properties SL Green Realty CBRE represented the seller in the transaction. $446.5 Million 1-Apr
The Expedia Building Office Bellevue, Wa. KKR Equity Commonwealth $401.5 Million 13-Mar

FINANCING

Property Asset Type Location Type of Financing Lender Arranged by Borrower / Notes Amount Date Announced
711 Fifth Avenue Office Manhattan Refinancing Goldman Sachs JLL Capital Markets SHVO $545 Million 9-Mar
Equitable Building Office Manhattan Refinancing Wells Fargo Cushman & Wakefield Silverstein Properties $510 Million 20-Mar
Salesforce Tower Chicago Office Chicago Construction JPMorgan Chase, Wells Fargo, U.S. Bank and other private lenders Hines $500 Million 13-Apr
ROW DTLA Office Los Angeles Construction Bank OZK Atlas Capital Group $465 Million 10-Mar
60 State Street Office Boston Acquisition Metropolitan Life Insurance Co. and Pacific Life Insurance Co. Starwood Capital Group $435 Million 24-Mar
Campus at Horton Phase I Office San Diego Construction First American Capital Group Corp. Stockdale Capital Partners $328.5 Million 9-Mar

To have your transaction featured, submit details to Roxana.Baiceanu@cpe-mhn.com.

Read the June 2020 issue of CPE.

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