Business Specialties
Distribution Center in OH Acquired in 1031 Exchange
The 33,197-square-foot property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Third Coast purchased the asset for $3.4 million.
Hampshire Cos. to Develop Self Storage in CT Opportunity Zone
This marks the company’s second Opportunity Zone investment. The 800-unit storage asset will be developed on a two-acre site located in New London, Conn.
Deadline Extended: RICS Global Commercial Property Monitor
Weigh in on commercial property occupier and investor sentiment in the U.S. market. Become part of this leading industry indicator.
YoSmart Integrates LoRa Technology in IoT Applications
With the two technologies, enterprise and commercial buildings can incorporate various IoT-connected devices under the same network. This makes monitoring easier, while also increasing energy efficiency.
JV Breaks Ground on CA Manufacturing Facility
Morton Commerce Center, formerly the site of Morton Salt in Newark, will comprise four buildings totaling more than 600,000 square feet.
CIM Group Acquires Seattle Office Asset for $151M
Pacific Eagle Holdings sold the historic Dexter Horton building in the downtown area. The 335,000-square-foot property underwent extensive renovations in 2002 and 2015.
LaSalle Investment Adds $1.2B Debt Fund Business
The global real estate investment manager acquired a majority stake in Latitude Management Real Estate Investors, naming the new debt platform LaSalle Mortgage Real Estate Investors.
DC Moxy Hotel Receives $47M Loan
Working on behalf of Douglas Development Corp., BHI arranged the refinancing of a 200-key hotel that includes more than 4,000 square feet of retail space.
Skechers Breaks Ground on $150M SoCal HQ Expansion
The international footwear company will increase its presence with roughly 180,000 square feet of new and expanded space in the Los Angeles-area beach communities of Manhattan Beach and Hermosa Beach.
Innovatus Capital Partners Buys Nashville Office Portfolio
The two buildings add up to more than 340,000 square feet and traded for nearly $64 million. The properties last changed hands in early 2017.