Evelyn Jozsa
Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.
Merit Hill Buys Houston-Area Storage Portfolio
The company has acquired two storage assets located in Katy and Richmond, Texas. CubeSmart was appointed to manage the facilities.
Slow Absorption Hinders Self Storage Rent Growth
Although metros in the Desert Southwest maintained rent growth, street-rate rents continued to decline, at 3.3 percent across the country. The new-supply pipeline, however, reached peak levels.
Tampa Retail Center Trades for $27M
Cushman & Wakefield arranged the sale of Tampa Bay Center on behalf of the seller. The shopping center has recently undergone a $5 million improvement.
71 KSF Self-Storage Facility Opens in NC
The newly built facility located in Clayton is approximately 15 miles from downtown Raleigh. Absolute Storage Management is the manager of the storage asset.
UOVO to Bring New Art Storage to Brooklyn
The company is set to open a 150,000-square-foot storage facility located in Bushwick, Brooklyn’s art community. The storage is expected to open in fall 2019.
Grocery Store in Tampa Sells for $18M
Matthews Real Estate Investment Services represented the seller in its disposition of a Sprouts Farmers Market. The buyer was a Southern California-based 1031 exchange investor.
U-Haul to Transform Retail into Storage Facility
The company plans to convert a former Kmart store in Ammon, Idaho, into a 900-unit climate-controlled self-storage facility. The asset is expected to open in 2019.
LA-Area Industrial Business Park Sells for $85M
BKM Capital Partners acquired the fully leased facility located in Burbank, Calif. The company plans to invest in capital improvements to enhance the value of the property.
DTLA Plaza Adds New Tenant
UNIQLO will occupy the seventh floor of The Bloc, a mixed-use development located in the heart of Los Angeles. The location marks the brand’s first store in downtown.
Public Storage Expands Houston Portfolio
Charmel Storage and Bellomy & Co. have arranged the sale of a 941-unit self-storage facility on behalf of the seller. The brokerage team also procured the buyer.