Barbra Murray
Rexford Industrial Ends 2018 With 2 Deals
The Southern California REIT completed transactions totaling $29.9 million in metropolitan Los Angeles, where demand for distribution space remains at record levels.
Akridge, Stars Acquire 116 KSF DC Property
In their second joint venture, the partners purchased 1025 Vermont Ave. NW from Carr Properties in a $48.5 million transaction.
Jernigan Buys Stake in NY Self-Storage Facility
The REIT acquired its development partner’s interest in the 105,300-square-foot, multi-story facility at 1775 Fifth Ave. in Bay Shore, on Long Island.
Hertz Investment Acquires VA Asset for $79M
The company purchased Dominion Tower, an approximately 403,300-square-foot building that is the largest office property in Norfolk, Va., from Harbor Group International.
MGM Resorts to Receive $638M for Vegas Property Repositioning
MGM Growth Properties will pay the global entertainment company for the transformation of the former Monte Carlo Resort and Casino into the new Park MGM and NoMad Las Vegas hotels.
White Oak Healthcare Buys $700M Loan Portfolio
Capital One Healthcare and its participant banks sold the group of skilled nursing and senior housing loans to the company.
JV Sells Office Asset Near Tampa for $40M
The St. Petersburg, Fla., property commanded twice the price paid by Convergent Capital Partners and Denholtz Associates only two years ago.
Plymouth Industrial Closes Stock Sale, $97M Portfolio Purchase
The REIT sold $75 million worth of shares to Madison International Realty and used a portion of the proceeds to acquire a 1.1 million-square-foot group of assets in Jacksonville, Fla.
Brokers Predict Positive CRE Market in 2019
Participants in Transwestern’s new sentiment survey weigh in on what the New Year will bring for the office, medical office and industrial sectors.
Bedrock Breaks Ground on $820M Detroit Mixed-Use
The 1.4 million-square-foot downtown development is the latest milestone in the rebirth of the city, which emerged from bankruptcy in December 2014.