Morning Calm Management and an unnamed partner acquired 701 Brickell Ave. from Nuveen, while only $305M in total office had sold in the year through June.
The fund is targeting grocery-anchored and neighborhood centers in affluent communities.
Nuveen's move comes as a massive transfer of wealth is occurring from older generations to Gen X and Millennials.
Nuveen and GSA are making their first investment in French student accommodation.
The half-vacant office building at 4350 N. Fairfax Drive sold to Arlington-based Rooney Properties.
The investment manager of Teachers Insurance and Annuity Association of America appointed Chad Phillips to replace Chris McGibbon, who is retiring.
Not every occupier can afford to pay £100 per SF for an office.
Read about a shopping center sale and a pair of other transactions in this week's Chicago Deal Sheet.
Nuveen is putting value-add money into UK student housing.
Nuveen wants to raise $3B in capital as part of its new private farmland REIT targeting crop-producing agricultural properties leased in the U.S.
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