Business Specialties
Centuria to Buy $89M Australian Office Gem, Start New Fund
The Sydney-based investment manager will acquire 80 Flinders St., a 130,800-square-foot property in Adelaide, from a Lendlease Australian affiliate and use the transaction to launch a new fund.
Group RMC Expands Memphis Office Portfolio
The $32.3 million acquisition of four properties totaling 391,297 square feet along the 385 Corridor marks the company’s fourth purchase in the metro.
Solar Industry Asks Congress to Extend ITC
The policy, set to begin its phaseout next year, has spurred $140 billion in private sector investment and the creation of more than 200,000 jobs since 2005.
SunCap Trades South FL Industrial Asset
The nearly 60,000-square-foot warehouse and distribution center is fully occupied by a single, long-term tenant under a lease expiring in 2028.
New Hampton Inn & Suites by Hilton Opens in Indiana
Hampton Inn & Suites by Hilton Wayne Downtown features two restaurants: Burger Bar and Conner’s Rooftop. The hotel broke ground last year in June.
Georgia Power’s IRP Approved by State Government
By 2024, the company plans to add 2.3 gigawatts of renewable power as well as 80 megawatts of battery energy storage.
CapRidge Buys Charlotte Office Property for $39M
The two buildings total more than 180,000 square feet of Class B space in the Southpark submarket. BBVA Compass Bank provided nearly $29 million in acquisition financing.
Historic Charlotte Office Asset Trades for $35M
Spaulding & Slye Investments acquired the 172,382-square-foot Class B office tower. Pacific Coast Capital Partners provided nearly $34 million in financing.
Compass Datacenters to Invest $3B in Multi-State Expansion
The company will develop campuses across the U.S. in a growth plan bolstered by additional commitments from current investors and capital from a new partner.
Granite REIT Buys 3 Facilities in $120M Deal
The fully leased industrial properties have a combined total of 1.3 million square feet and are located in the U.S. and the Netherlands.