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New Concerns Ahead for Economy, CRE
A new Integra Realty Resources report suggests that commercial real estate could get caught up in the volatility of the stock and commodities markets.
Granite Properties Buys Houston Office Complex for $78M
The purchase of Eldridge Place, an 824,000-square-foot property in the Energy Corridor, increases the company’s presence in the city to more than 2.3 million square feet.
Brookfield Asset Management Closes $15B Global Real Estate Fund
This is the Toronto-based company’s largest private vehicle to date, exceeding its original fundraising target of $10 billion.
CBRE Takes Pulse of Southeastern US CRE
A CBRE update on 18 key cities highlights the prospects for the region’s office, multifamily, retail and industrial sectors.
$330M Atlanta Project Reaches Milestone
The Allen Morris Co. will get a key tax abatement from Fulton County for Star Metals Atlanta, a mixed-use project in the city’s West Midtown district.
Rockefeller Group Sells 407 KSF Industrial Asset in CA
KKR acquired a recently completed distribution facility in the Inland Empire, part of the 1.5 million-square-foot Optimus Logistics Center.
Somera Road Buys Kansas City Office Asset
Working on behalf of the buyer, HFF arranged a $60.2 million bridge loan for the purchase of City Center Square in downtown Kansas City.
Vornado Completes $168M Manhattan Office Refi
The newly constructed 170,000-square-foot property in the Meatpacking District had been fully preleased before completion. Aetna took the office space, while the property also features one of the world’s largest Starbucks.
Ivanhoé Cambridge, Oxford Properties Invest in IDI Logistics
The two Canadian pension funds formed a joint venture to share ownership of the Atlanta-based firm, a leading developer and manager of logistics real estate in the U.S.
Prologis Reports on Logistics’ Global Growth
A key takeaway: Rents posted considerable gains in 2018, increasing 8 percent in the U.S. and 6 percent worldwide.