Finance
Portland’s Internet Exchange Building Trades for $326M
The sale marks the highest-priced single-property transaction in the state since 2015.
InSite Property Group Pays $47M for Portland Storage Portfolio
Goldman Sachs originated a $200 million line of credit for the company’s current purchase and future acquisitions.
Office Deals Falter, Though the Suburbs Fare a Bit Better: NAR
Transaction volume is also down for industrial, but prices continued to improve, a new National Association of Realtors study shows.
OPI Picks Up Metro Charlotte Office Asset for $35M
Built in 2019, the Class A property is home to RoundPoint Mortgage Servicing Corp.’s headquarters.
Atkins Cos. Obtains $25M for New Jersey MOB
JLL Capital Markets secured the financing for Atkins Kent Medical Building in West Orange.
Ford Motor Co. Industrial Project Lands Financing
The 1 million-square-foot facility near Detroit is expected to create 150 jobs.
Rubenstein Partners Obtains $114M Refi for Atlanta Campus
The company had spent four years and $17 million to improve the six-building property.
Keppel Launches Data Center Fund for Asian, European Assets
The fund had its first closing with more than $500 million in investments and is aiming for $1 billion.
Logistics Property Co. Closes $1B Industrial Real Estate Fund
The new vehicle, already largely allocated, targets development opportunities in core metro areas nationwide.
Douglas Development Sells DC Office Asset for $106M
The buyer assumed a $75 million Pentagon Federal Credit Union loan as part of the deal.