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Self Storage Beefs Up in Northeast
Michael Legacki of The Hampshire Cos. talks about the peculiarities of the Northeastern self storage market and how the infusion of new players in the sector is changing the game.
JV to Develop Major Industrial Park in SC Opportunity Zone
EJF Capital and North Signal Capital teamed up to develop as much as 4 million square feet in the master-planned RiverPort property, located roughly 10 miles from the growing Port of Savannah in Georgia.
citizenM Hotels Gets New Investor, $842M in Equity
GIC, the sovereign wealth fund of the Government of Singapore, will acquire a 25 percent stake in the Dutch hospitality brand in a transaction valuing the company at $2.2 billion.
SL Green Sells Manhattan Tower to Savanna for $381M
New York City’s largest office landlord has owned the 39-story office property since 2011. The transaction is expected to close in the second quarter of 2019.
E-Commerce No Match for Eateries, Exercise, Experience
Food and fitness services in addition to trendy soft goods seems to be a winning combination for retailers and retail real estate operators. But there are a few nuances that owners shouldn’t miss.
Seattle Office Towers Trade in Record-Breaking $740M Deal
USAA Real Estate and Touchstone’s sale of the Troy Block marks the largest single-asset real estate transaction in the city’s history.
Amazon Industrial Building in Bay Area Sells for $105M
CT Realty completed the development of the 1.2 million-square-foot industrial facility in 2018, as part of the first phase of the company’s NorCal Logistics Center.
San Diego Building Goes From Vaults to Vets
Voit Real Estate Services leased a former bank vault facility to the Veterans Administration, which will operate it as an outpatient clinic once renovations and a major addition are completed.
Silverstein Properties, Partners Pay $452M for Philadelphia Tower
Acquired in a JV with Arden Group and Migdal Insurance, 1735 Market Street marks Silverstein’s first office investment outside Manhattan.
Cousins, TIER REITS to Merge in $7.8B All-Stock Deal
The deal, expected to be completed in the third quarter, would create the preeminent Sun Belt office REIT, with 21 million square feet of Class A trophy office properties in hot markets like Austin and Atlanta.