November 16, 2016

Atlanta Business Chronicle
By: David Allison

A $387 million deal for Seattle’s 50-story Safeco Plaza. An estimated $300 million-plus deal for Dallas’ 50-story Chase Tower. A $344 million deal for Verizon’s regional campus in Irving, Texas. A $350 million deal for a Denver apartment complex.

These are among the largest commercial real estate sales announced around the country so far in 2016.

#11. The 31-story Ameriprise Financial Center in downtown Minneapolis in August 2016 sold for $200 million. The buyer of the 848,000-square-foot, class A office building is Morning Calm Management, which is based in West Palm Beach, Fla. The seller is Founders Properties of Minnetonka, a real estate investment firm created in 2010 by Best Buy founder Richard Schulze and late Opus Group founder Gerald Rauenhorst.

34 of the country’s top commercial real estate sales of 2016