Acquisition of Glen Forest Office Portfolio, in Virginia, represents GII’s second US commercial property acquisition this year
US commercial real estate
Latest in US commercial real estate
Asset Management
Saudi Riyad Bank sells US office complex for $200m
Transaction by Saudi-based Riyad Capital was for Sequoia Plaza, a three-building office complex covering 370,000 square foot in Virginia
acquisitions
GFH Financial Group acquires Ohio distribution facility in $100m deal
Purchase marks more than $300m invested in GFH’s North American and European logistics operations, while the company boasts over $12bn of assets under management globally
CBRE
Foreign investment in US commercial property drops almost 50%
United Arab Emirates and Bahrain were among the biggest foreign investors, with about $1 billion each