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Monthly Archives: December 2013

$16.1M Sale of Shopping Center Brings Strong Finish for Nashville Retail ’13

The $16.1 million purchase of Jackson Downs Shopping Center finishes a year of at least 40 retail transactions valued over $500 million in the Nashville area, according to data from Real Capital Analytics, a global research firm focused exclusively on commercial real estate. The 135,000 square foot shopping center was purchased by Viking Partners Fund II LLC from Jackson Downs II E&A LLC.

Other prominent transactions in Nashville this year include the $163 million sale of The Avenue Murfreesboro by Hines Global REIT and the joint venture purchase of the adjacent River Gate Mall and Village at Rivergate for $75 million by Hendon Properties and another investment manager.

Details of the above mentioned deals, including property transaction histories and company profiles of key players, can be found through RCA’s Property Trade Search.

Comprehensive coverage of Nashville’s retail market, including historical price trends, pricing analysis, and top buyers and sellers can be obtained through RCA’s Trends and Trades® reports.

$16.1M Sale of Shopping Center Brings Strong Finish for Nashville Retail ’13

The $16.1 million purchase of Jackson Downs Shopping Center finishes a year of at least 40 retail transactions valued over $500 million in the Nashville area, according to data from Real Capital Analytics, a global research firm focused exclusively on commercial real estate. The 135,000 square foot shopping center was purchased by Viking Partners Fund II LLC from Jackson Downs II E&A LLC.

Other prominent transactions in Nashville this year include the $163 million sale of The Avenue Murfreesboro by Hines Global REIT and the joint venture purchase of the adjacent River Gate Mall and Village at Rivergate for $75 million by Hendon Properties and another investment manager.

Details of the above mentioned deals, including property transaction histories and company profiles of key players, can be found through RCA’s Property Trade Search.

Comprehensive coverage of Nashville’s retail market, including historical price trends, pricing analysis, and top buyers and sellers can be obtained through RCA’s Trends and Trades® reports.

Devonshire House Sold at Second Highest Paid Price Per SF Worldwide

London, UK — The recent sale of Devonshire House for nearly $4,000 (or £2208) per square foot is the second highest paid price per square foot worldwide among office properties equal or greater to 100,000 square foot, according to Real Capital Analytics.

The 1920’s Mayfair office building was sold for $670 (£410) million to Amancio Ortega, owner of clothing retailer Inditex SA (ITX).

“This is one of the most special locations on Earth,” says RCA Managing Director Dan Fasulo. “You could legitimately throw a stone to Buckingham Palace from there.”

Details of this deal, including the property’s transaction history and profiles for key players, can be obtained through RCA’s Property Trade Search.

Devonshire House Sold at Second Highest Paid Price Per SF Worldwide

London, UK — The recent sale of Devonshire House for nearly $4,000 (or £2208) per square foot is the second highest paid price per square foot worldwide among office properties equal or greater to 100,000 square foot, according to Real Capital Analytics.

The 1920’s Mayfair office building was sold for $670 (£410) million to Amancio Ortega, owner of clothing retailer Inditex SA (ITX).

“This is one of the most special locations on Earth,” says RCA Managing Director Dan Fasulo. “You could legitimately throw a stone to Buckingham Palace from there.”

Details of this deal, including the property’s transaction history and profiles for key players, can be obtained through RCA’s Property Trade Search.

Spain—Retail Transactions Reached €1.4B on December 11, 2013

Retail transactions in Spain reached €1.4 billion ($1.9 billion) on December 11th of this year, a 106% increase from 2012, according to global commercial real estate firm Real Capital Analytics (RCA).

Of Spain’s total retail sales, 24 of the transactions were above €7.5 million, a huge contrast to 10 from the same period last year.

The huge rise in retail transactions is largely a result of the surplus of cross-border capital poured in by international players this year. According to Joseph Kelly, Head of EMEA Research at RCA, “It’s a sign of how far Spain has come that in the past 12 months an array of core and institutional investors have joined opportunity funds in picking up prime, defensive assets. Pricing in Spain offers attractive rental income returns to these investors compared with other core markets in Europe.”

Spain—Retail Transactions Reached €1.4B on December 11, 2013

Retail transactions in Spain reached €1.4 billion ($1.9 billion) on December 11th of this year, a 106% increase from 2012, according to global commercial real estate firm Real Capital Analytics (RCA).

Of Spain’s total retail sales, 24 of the transactions were above €7.5 million, a huge contrast to 10 from the same period last year.

The huge rise in retail transactions is largely a result of the surplus of cross-border capital poured in by international players this year. According to Joseph Kelly, Head of EMEA Research at RCA, “It’s a sign of how far Spain has come that in the past 12 months an array of core and institutional investors have joined opportunity funds in picking up prime, defensive assets. Pricing in Spain offers attractive rental income returns to these investors compared with other core markets in Europe.”

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