Business Specialties
H5 Expands in WA, Acquires 240 KSF Data Center
The facility marks the company’s 12th operated in the U.S. The property benefits from a low cost of power and qualifies for the state’s tax abatement program.
The Koll Co. Adds OC Flex Building to Portfolio
The building includes office/R&D and warehouse space. The company plans to invest $4 million in upgrading the 77,000-square-foot property.
Facebook Data Center to Go All Solar
The social media giant teamed up with Pacific Power and Invenergy to bring online several farms meant to supply the Prineville facility with 100 percent renewable energy.
NKF Capital Markets Arranges Sale of MD Hilton
The 301-key Hilton Washington North Gaithersburg offers a swimming pool and a fitness center. The property is set to undergo an extensive renovation plan under the new owner.
Lendlease Tops Off World’s Tallest Timber Office Building
25 King, located at the Brisbane Showgrounds in Australia, is scheduled for completion by the end of 2018, with 43.5 percent of the building preleased to global engineering firm Aurecon.
Sterling Org. Closes Fund With $495M in Commitments
With leverage, Sterling Value Add Partners III has roughly $1.3 billion in purchasing power, which will be aimed at retail centers nationwide.
Swift Real Estate Trades San Francisco MOB
The new owner, a joint venture including Harrison Street, picked up the asset for $30 million, funded by a $25 million acquisition mortgage.
Crow Holdings Industrial Kicks Off 1st Midwest Project
The company teamed up with ARCO/Murray to develop a 252,000-square-foot distribution facility in the Channahon Corporate Center, scheduled for completion in early 2019.
Public Storage Adds New Units to Silicon Valley Facility
The company added more than 700 units to its facility located in Milpitas, Calif. The site now offers more than 1200 storage units serving the San Jose-area community.
W.P. Carey Buys $178M Netherlands Retail Portfolio
The 36 assets total 1.5 million square feet and are triple-net leased to the Dutch DIY company Intergamma B.V. for an average of 15 years.