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Kansas City’s New Look
The metro is in the midst of a transformation, growing as a financial and research center, with increased investment in infrastructure, all of which support multifamily fundamentals, Yardi Matrix data shows.
CPE’s 30th Anniversary Issue Is Now Available!
The June issue celebrates the 30th anniversary of the magazine by reviewing the top trends of the past three decades and predicting the biggest changes to come.
Kennedy Wilson Buys Big in Seattle
Constructed between 1999 and 2001, 90 East consists of three Class A buildings situated on a 20-acre site in the greater Bellevue area. The property is currently 100 percent leased.
Vancouver Lands First WELL-Certified Office
CBRE debuted its Vancouver digs in 2015 at MNP Tower, a 35-story office building developed by Oxford Properties. To meet the requirements for Gold-level WELL, the firm incorporated more than 100 wellness features into the asset.
NKF Named Leasing Agent for 85 Broad St.
The building takes up the full block of Broad Street between South William and Pearl streets in Manhattan’s Financial District. The Class A office tower was built in 1983.
Xenia Sells 5-Hotel Portfolio for $163M
The properties, which total 812 guestrooms, are located in Fort Worth, Kansas City, Pittsburgh and Baltimore.
Bentall Kennedy Teams Up With Warba Bank
The partnership’s initial investment is a Class A, 280,000-square-foot office building in Milwaukee, which serves as the world headquarters for ManpowerGroup.
Blackstone to Sell Logicor for $14B
Affiliates of China Investment Corp. have agreed to purchase the 147 million-square-foot logistics and distribution warehouse portfolio, which spreads across 17 European countries.
Nashville’s Supply Side Shines
With strong demand fueled by robust population gains and consistent job growth, the market remains a hot ticket. Investors acquired more than $1 billion in apartments in 2016, according to Yardi Matrix.
Whitestone REIT Completes $158M Acquisition of BLVD Place
The Houston-based REIT bought the 216,944-square-foot urban mixed-use center from developers Wulfe & Co. and Bailard Inc. BLVD Place is 99.2 percent leased with tenants including Whole Foods Market and Frost Bank.