Recent commercial real estate transactions
Below are this week’s transactions. The largest transactions involved office properties.
GIC, Singapore’s sovereign wealth fund, formed joint ventures with a group of investors including affiliates of Beacon Capital Partners to acquire more than 2.1 million square feet of office assets in the Washington, D.C., metro area totaling more than $1.05 billion in aggregate asset value.
In Houston, Parkway Inc. agreed to sell 49 percent of two class A office properties in Houston for $512.1 million.
And Tristar Capital paid $290.7 million to purchase Crossroads III