Business Specialties
Stockbridge Adds 8.7 MSF to Growing Industrial Holdings
PGIM Real Estate Finance facilitated the multi-state transaction valued at some $800 million.
Sacramento Retail Center Sells for $21M
Marcus & Millichap brokered the sale of Strawberry Creek, a 57,373-square-foot asset shadow-anchored by Target.
CapRidge Sells Charlotte Office Property for $36M
Synovus Bank provided the buyer of the 173,000-square-foot asset with nearly $25 million in acquisition financing.
Welltower to Buy MOB Portfolios for $1.7B
The REIT will hold the title of the nation’s largest medical office property owner upon completion of five separate deals comprising 3.5 million square feet.
Bayer Associates Tapped to Manage 1.5M Mixed-Use Asset
Developed by Steiner + Associates, the Cincinnati-area Liberty Center features retail, office, hotel and multifamily components.
Swift Real Estate’s $193M Office Portfolio Acquisition
JLL Capital Markets represented the seller, PGIM Real Estate, and secured the buyer with a $161 million loan through Nuveen Real Estate.
Las Vegas Office Building Trades for $19.5M
Pacific Oak SOR II sold the Class A asset acquired four years ago by KBS Realty Advisors for $13.4 million, according to Yardi Matrix data. Pacific Oak recently took over three REITs established by KBS.
Tucson MOB Breaks Ground
Pacific Medical Buildings’ $19 million project is underway alongside the Carondelet St. Mary’s Hospital campus. The development is preleased to three health-care tenants.
Avison Young to Lease Miami Financial District Tower
The ownership intends to invest as much as $3 million in capital improvements at the 209,000-square-foot office building.
Rural Co-op Invests in Solar Plus Storage Systems
New Mexico’s Kit Carson Electric Cooperative will boost its solar portfolio by 21 megawatts in two projects, each with its complimentary storage facility.