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.