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Lowe Snags 26-Building Industrial, Office Portfolio
The properties were constructed between 1954 and 2008, and many of the buildings have been upgraded and expanded over the years.
Alabama Reels in $1.6B Toyota-Mazda Plant
The highly coveted auto manufacturing facility project, and the 4,000 new jobs that will come with it, are a coup for Huntsville.
Blackstone to Buy Canada’s Pure Industrial REIT for $3B
Blackstone intends to make this investment through Blackstone Property Partners for its Core+ real estate investment unit. The all-cash transaction is expected to close in the second quarter.
OC Office Tower Trades for $120M
NKF Capital Markets represented Ocean West Capital Partners in the sale of the Class A trophy property. The building is 99 percent occupied.
Sonnenblick-Eichner Arranges $110M Refi for SF InterContinental
The loan for the upscale 550-key downtown hotel was funded by a Wall Street investment bank. The first mortgage could be part of a trend toward more refinancings in 2018.
NYC No Longer First Global City in RE Investments
Los Angeles ranked fourth globally, according to results of the 26th annual survey of members of the Association of Foreign Investors in Real Estate conducted in the fourth quarter of 2017.
Bridge Office Expands Atlanta Portfolio
The firm snapped up a group of 13 office buildings, situated in key suburban markets, from Piedmont Office Realty Trust.
1 MSF Office Development Lands Approval in San Jose
A joint venture between TMG Partners and Valley Oak Partners has received re-zoning approval for a commercial development in the heart of the city. The proposed project is designed by Kohn Pedersen Fox Associates.
Working Around the Tax Bill, Other 2018 Hacks
Financial and business advisor Ray Sturm penciled out the real estate environment for 2018, in light of the revised tax legislation, budget cuts and challenges in affordable housing development.
PCCP, Capital Partners Acquire Minnesota Industrial Portfolio
The portfolio consists of properties located within infill locations near freeways throughout the metro. The buildings are a mix of bulk warehouse, light industrial and flex product types.