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Transactions reported this week included an office property in Northern California and an apartment portfolio.
Palo Alto, Calif.–based Sand Hill Property Co. purchased the former headquarters of Hewlett Packard Enterprise Co. at 3000 Hanover St. in the Stanford Business Park in Palo Alto for $380 million.
And Investcorp’s U.S.-based real estate investment team acquired eight new multifamily properties, comprising 2,510 units for a total purchase price of $330 million. The seller was not disclosed. The properties span the submarkets of five rapidly growing metro areas across the Southeast and Southwest regions: Atlanta; Dallas; Jacksonville, Fla.; Phoenix; and Raleigh, N.C.
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