Industrial
Ascendas REIT to Buy US, Singapore Assets for $1.2B
The Singapore-based company will acquire 4 million square feet of business park properties from its controlling unitholder, CapitaLand Ltd., in a deal marking its debut in the American market.
Big Lots Sells Inland Empire Warehouse for $191M
The discount retailer is using a portion of the proceeds to purchase its headquarters in Columbus, Ohio.
Cushman & Wakefield Arranges Office Sale in San Diego
The buyer, internet service provider ZTelco, paid $2 million for the property, which will function as the company’s new headquarters.
Mayflower Wind Wins Massachusetts’ Second Offshore Wind Procurement
Mayflower Wind’s final contract with the state’s distribution utilities is expected to be finalized in December.
NAI Hiffman Arranges Sale of Chicago-Area Industrial Facility
The company marketed the property on behalf of the seller, Heller Industrial Parks, and procured the buyer, TradeLane Properties, which plans to modernize the building.
McCraney Signs First Tenant at Atlanta-Area Industrial Park
A subsidiary of Unience will occupy almost 88,000 square feet at the three-building facility that’s under construction in Buford, Ga.
CIM Group’s Austin Buying Spree
The firm adds to its substantial holdings in the Texas capital, with the purchase of a 270,000-square-foot office and industrial portfolio.
Chevron’s Lost Hills Oil Field to Run on Solar Power
Goldman Sachs Renewable Power will own the system and Chevron will receive environmental credits under California’s Low Carbon Fuel Standard program.
Q&A: What to Expect From Europe’s Logistics Sector
P3 Logistic Parks Co-CDO David Marquina shares insights on the sector’s performance and weighs in on the implications of Brexit and a potential economic downturn.
CenterPoint Properties Adds New Tenant at Chicago Property
Axis Warehouse Management signed on for 174,178 square feet at 500 Country Club Drive, about 8 miles from O’Hare International Airport.