Transactions - SEPTEMBER 18, 2015

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Recent commercial real estate transactions

by Andrea Waitrovich

Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest transactions are two office properties in California.

In Northern California, Norges Bank Investment Management, which invests on behalf of Norway’s Government Pension Fund Global, partnered with TIAA-CREF to acquire the property located at 888 Brannan St., a 445,000-square-foot class A office building in San Francisco’s South of Market submarket. The sales price was $307 million. NBIM has acquired a 49.9 percent stake, while TIAA-CREF will own a 50.1 percent interest and manage the property on behalf of the partnership.

And in Southern California, Ivanhoé Cambridge and Callahan Capital Properties acquired the PacMutual

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