Life science real estate capital markets activity reached a new record last year as investment volume climbed to $18.4 billion, “reflecting immense investor demand and continued liquidity in the cluster markets,” Newmark said in a Life Science Overview and Market Cluster report.
Tag: Newmark
Dealmaker: Newmark Completes $14M Office Sale in Burlington, Mass.
Newmark, New York, sold 328-330 Cambridge Street in Burlington, Mass., for $14.3 million.
Dealmaker: Newmark Completes $233M Philadelphia Multifamily Sale
Newmark, New York, completed the $233 million sale of 1500 Locust, a 45-story mixed-use multifamily building in Center City Philadelphia.
Dealmaker: Harbor Group Acquires $475M North Carolina Workforce Housing Portfolio
Harbor Group International LLC, Norfolk, Va., acquired an eight-asset workforce housing portfolio in North Carolina’s Research Triangle for $475 million.
Office-to-Industrial Conversions Increase
As the industrial market soars and the office market remains soft, more developers are converting office product into industrial properties, reported Newmark, New York.
Dealmaker: Newmark Brokers $68M Waterfront Redevelopment Site Sale
Newmark, New York, sold Marina Shores, a 6.1-acre retail shopping center in Long Beach, Calif., to be repurposed for multifamily.
Dealmaker: Newmark Arranges $64M Office Sale
Newmark, New York, sold 1301 Dove, a 10-story, 215,000-square-foot office building in Newport Beach for $64 million, or $298 per square foot.
Dealmaker: Mesa West Capital Provides $77M for Florida Apartment Community
Mesa West Capital, Los Angeles, provided $77 million in first mortgage debt for Alta Congress, a 369-unit multifamily property in Delray Beach in Palm Beach County, Fla.
Dealmaker: Newmark Closes $111M in Single-Tenant Retail Deals
Newmark, New York, sold three Los Angeles-area single-tenant retail properties for $110.5 million.
Dealmaker: Newmark Lines Up $230M to Refinance Edition West Hollywood Hotel
Newmark, New York, arranged $230 million to refinance The West Hollywood Edition Hotel on Sunset Boulevard in Los Angeles.