Industrial
TGS Buys 5th Largest Industrial Park near Houston from Cedar Crossing
In one of the biggest land sales in the Houston area ever, TGS Cedar Port Partners acquired Cedar Crossing, a 10,897-acre industrial park near Houston, from Cedar Crossing L.P.
INTERNATIONAL: Lockheed Martin, Concord Blue to Build 5-MW Bioenergy Facility in Germany
American aerospace and defense giant Lockheed Martin has partnered with global waste management company Concord Blue to build a five-megawatt power generation facility in the town of Herten, Germany.
CT, Prudential JV to Develop 5 Industrial Buildings in Riverside, Calif.
A new $120 million joint venture between CT Realty and Prudential Real Estate Investors has made its first acquisition, of 13.1 acres of land in Riverside, Calif., where the JV plans to develop five industrial buildings.
Hillwood Acquires Site for 1.2 MSF Industrial Project in Central PA
Hillwood will develop Trade Center-83 in York County, Pa., to address growing demand for Class A industrial product in a major corridor.
Chambers Street Acquires Industrial Portfolio in NE Pennsylvania
Chambers Street Properties has acquired a four-property,1,644,480 million-square-foot portfolio located in the Northeast Pennsylvania industrial market for $106 million.
Economy Watch: Industrial Production, Japanese Economy
U.S. industrial production edged down 0.1 percent in October after having advanced 0.8 percent in September. Japan surprised the world over the weekend with word that its economy, the world’s third largest, shrank an annualized 1.6 percent during the three months ending in September.
INTERNATIONAL: W. P. Carey Buys 31 Australian Industrial Properties for $138M
W.P. Carey has completed yet another international acquisition, closing a 20-year sale-leaseback deal with Inghams Enterprises Pty. Ltd., for a portfolio of 31 properties in the Australian market.
NorthPoint to Redevelop Former General Motors Property in Ohio
RACER Trust has sold a 173.5-acre site adjacent to the General Motors Lordstown Assembly Plant in Lordstown, Ohio, to NorthPoint Development, which will transform the formerly vacant property into a 1.5 million-square-foot industrial park.
George Smith Partners Arranges $172M Loan for Complex CRE Portfolio
It wasn’t easy, but George Smith Partners has pulled off the arrangement of a $172.3 million bridge loan for a troubled 36-property commercial portfolio spanning 17 states.
Net-Lease Risks that Lenders Consider: Interview with Gary Mozer
Net-lease investments are often compared to having the security and cash flow of a bond investment, but a lender sees greater risks.