Grubb & Ellis Sells Daymark; Exits Tenant-in-Common Business

Grubb & Ellis Co. has sold it Daymark Realty Advisors Inc., to a joint venture entity controlled by Sovereign Capital Management Group and Infinity Urban Century, an investment affiliate of The Infinity Group for an undisclosed price. Grubb & Ellis has exited the tenant-in-c
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Wells Fargo Tower in Birmingham Sells for $68.5M

Commonwealth REIT (NYSE: CWH), an office and industrial real estate investment trust, purchased Wells Fargo Tower in Birmingham, AL, for $ 68.5 million, or approximately $ 130 per square foot. AREA Property Partners sold the trophy office building on behalf of one of its funds in one
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