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Pure Industrial Acquires Atlanta Warehouse
The Canadian REIT purchased Phase II of King Mill Distribution Park, a 760,256-square-foot property in McDonough, Ga., from a joint venture between Trammell Crow Co. and Allstate.
Amazon Coming to South Florida
Amazon’s new fulfillment center in Opa-Locka, Fla., is expected to boost the city’s job market, as well as benefit neighboring developments. CPF Investment Group’s Ernie Cambo spoke to CPE about the impact Amazon’s presence will have on the local real estate market.
IRET Sells MOB Portfolio for $368M
The disposition of the approximately 1 million-square-foot, 25-property collection of medical office buildings marks the company’s final step toward its transformation into a pure-play multifamily REIT.
Washington REIT Buys One, Sells One in Metro DC
The REIT agreed to acquire an office building in Arlington, Va., and inked a letter of intent to sell another in Washington, D.C.
20 Sabra Health Care Facilities Command $103M
The assets are part of an original set of 35 properties marketed for sale. Sabra anticipates using the proceeds from the transaction to repay borrowings under its revolving credit facility.
TD Bank’s Hugh Allen Names Hot Southeast Zip Codes
Atlanta, Charlotte, N.C., and Charleston, S.C., are among the most popular metros for commercial real estate growth and expansion, according to TD Bank’s regional director of CRE for the Carolinas.
NYC’s 10 Hudson Yards Achieves LEED Platinum Status
The 1.8 million-square-foot office tower at Related Cos. and Oxford Properties Group’s $20 billion Hudson Yards mixed-use development becomes the first commercial office building in New York to achieve the coveted Platinum rating since USGBC’s launch of the LEED v2009 rating system.
Driftwood Buys 231-Key Dallas Lakefront Hotel
The five-story Hilton is located in The Harbor mixed-use development on Lake Ray Hubbard. TRC Capital Partners was the seller.
Aon Acquires The Townsend Group
With this purchase, the company’s investment organization now manages more than $130 billion of worldwide assets. Morgan Stanley & Co. served as the seller’s financial advisor.
Top 10 Posts of 2017
Miss out on any CPE articles in 2017? Catch up on our most popular posts of the year.