Business Specialties
JLL Brokers Sale of Arizona Last-Mile Facility
The brokerage firm represented MRM Capital in the company’s sale of a 128,000-square-foot warehouse in Tempe, Ariz.
Managing Megadevelopments: An Insider’s View
Cushman & Wakefield’s Christy Means discusses proptech’s influence on office operations and why it’s important for property management firms to be involved in the development stage of an asset.
Blackstone Closes Largest Real Estate Fund Ever Raised
Blackstone Real Estate Partners IX has raised $20.5 billion in total capital commitments, with the largest investment placed in Global Logistic Properties’ U.S. industrial portfolio.
Angelo Gordon Raises $1.3B for Asia Fund
The alternative investment firm will target value-add and development opportunities primarily in Japan, South Korea, Hong Kong and mainland China.
Anbang to Sell US Hotel Portfolio in Record Deal
The Chinese insurer has agreed to sell a 15-property portfolio to a South Korean financial services firm.
Lexington Realty Buys Big, Eying E-Commerce
The $180 million portfolio transaction is part of the company’s plan to transition to a 100 percent industrial-focused net-lease REIT.
New Kennedy Wilson JV Acquires 1st Property
In partnership with Security Benefit, the company purchased an office campus in Bellevue, Wash., for $227 million. WeWork is among the tenants of the three-building asset.
Stanton Road Capital to Revamp Newly Acquired Orange County Asset
The new owner paid $209 per square foot for TriCentre, with Global Atlantic Financial Group providing the acquisition and development financing.
Rexford Industrial Continues Southern California Expansion
The firm has grown its portfolio with the acquisition of two facilities located in Downey, Calif.
Top 5 Markets for Office Construction Activity
Some 175 million square feet was under development throughout the country as of June. CPE identified the top-performing metros in terms of supply as a percentage of existing stock.