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REIT Closes $123M in Southern California Acquisitions, Sales
Rexford Industrial Realty has added five properties totaling nearly a half-million square feet to its portfolio in separate transactions, and partially financed the purchases with two dispositions.
Realty Income to Buy $1.3B Retail Portfolio
In addition to more than 450 single-tenant commercial assets, the buyer will pick up approximately $131 million of debt held by the seller.
Winner Announced for $260M Miami-Dade Courthouse Bid
The firm will be the design-build contractor in a public-private partnership delivering the project in early 2024, to replace the existing 1928 facility.
Blackstone Sells Phoenix’s Largest Resort
Trinity Real Estate and Elliott Management have acquired JW Marriott Desert Ridge, a 396-acre luxury property.
TA Realty Tallies $1B From Industrial Sales
In two separate transactions, Blackstone added 68 properties to its industrial holdings and AEW bought 28 assets in Texas.
Aimbridge Hospitality, Interstate Hotels to Merge
The combined company will be a global force in third-party management, providing services to a portfolio of more than 1,400 properties spanning 20 countries.
EQ Office Sells Washington Asset for $231M
The investment vehicle of Spanish tycoon Amancio Ortega acquired the asset just north of the White House from the Blackstone affiliate.
Retail Sector Makes Headway in Experiential Drive
Despite dire warnings of brick-and-mortar’s demise, innovation among operators and retailers is resulting in surprisingly strong fundamentals, Marcus & Millichap reports in a new update.
Trammell Crow JV Breaks Ground on Maryland Medical Pavilion
The partnership began work on a seven-story, 169,000-square-foot facility at White Oak that is slated for a February 2020 opening.
How Interest Rates Are Altering the CRE Outlook
A new report from UBS Asset Management’s Real Estate & Private Markets outlines the impact of economic trends on the industry.