Business Specialties
2012 Seniors Housing Preview with Mel Gamzon
Longtime seniors housing real estate expert Mel Gamzon offers insights into the seniors housing market. 2011 was a big year for seniors housing and healthcare REITs, and Mel explores what strategies companies are likely to develop in 2012.
American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT
Grubb & Ellis has finalized the transfer of the dealer and advisory agreements of its REIT — formerly the Grubb & Ellis Healthcare REIT II — to a co-sponsorship between American Healthcare Investors and Griffin Capital.
Grubb & Ellis Gets Bumped from NYSE, Now Trades OTC
The New York Stock Exchange has delisted Grubb & Ellis Co., the long-beleaguered services and investment firm, whose common stock began trading over-the-counter on Friday, on the OTCQB marketplace operated by OTC Markets Group.
Hines Takes 255 KSF Minnesota Office Building for $70M
Hines Global REIT has picked up a premier 254,900-square-foot office property in Minneapolis with a $69.5 million sale-leaseback transaction with Cargill Inc.
Retail Roundup: Jenkins Sells 50 KSF D.C. Asset, Terramar Acquires Washington State Center for $35M
From coast to coast, retail transactions are closing one after the other. Among the grocery-anchored assets involved in the first deals of 2012 are the 50,600-square-foot Jenkins Row Retail in Washington, D.C., and the 130,800-square-foot Canyon Park Place in suburban Seattle.
JLL: Hotel Investment Volume to Hold Steady in 2012
A new report by services provider Jones Lang LaSalle suggests global hotel transaction volume in 2012 will hold steady with last year’s total, hitting the $30 billion range.
Cuomo’s Convention Center Plan: A Gamble in Any Form
While New York Gov. Andrew Cuomo’s plan for the $25 billion revitalization of the state — including a convention center, hotel and casino in Queens — is ambitious, is it the right move?
Windsor Renewal Buys 320 Acres, 500 KSF of Industrial from Kodak
Windsor Renewal I, a division of The Broe Group, has taken a major step toward further developing the Great Western Industrial Park in Windsor, Colo., with the acquisition of 320 acres of land and 500,000 square feet of industrial buildings from Eastman Kodak Co. in a partial sale-leaseback transaction.
Clarion, Equity Partner Invest $100M in 1.4 MSF Sao Paulo Industrial Project
Looking to capitalize on what will certainly be a growing economy in the next few years, Clarion Partners has acquired 78 acres of land in a northwest suburb of Sao Paulo. The company intends to develop and lease a Class A industrial facility that will eventually include 1.4 million square feet of space.
Strategic Storage Trust Spends $80M on 12 Self-Storage Facilities
Strategic Storage Trust Inc., a publicly registered non-traded REIT in the self-storage space, has just picked up a portfolio of 12 properties in Georgia and Florida. The buildings, which total approximately 8,000 units across 1 million square feet, were purchased for $80 million.