Industrial
Real Estate Expo Special Report: Knakal Terms NYC Sales Market “Phenomenal”
Robert Knakal, chairman of Massey Knakal Realty, said the New York City commercial property investment sales market is currently red hot, but warned that sustained periods of low interest rates typically lead to real estate bubbles.
Prologis to Develop New Green Industrial Park in Tokyo’s Saitama Ken-O Submarket
Provider and operator of logistics infrastructure Prologis is kickstarting the construction of a new, 451,000-square foot industrial project in Tokyo’s Saitama Ken-O submarket .
Bixby Office Park Acquired for $85 Million; TIAA-CREF Expands Portfolio With Industrial Purchase
It was recently announced that the Bixby Office Park was recently acquired by a private, fully-integrated real estate investment company. Parallel Capital Partners sealed a deal worth approximately $85 million to secure the commercial asset in Seal Beach, CA. This constitutes the largest office transaction in Orange County in 2013. The seller was a large national insurance company, represented by an Eastdil Secured team consisting of Adam Edwards and K.C. Scheipe. The buying entity was PCPI BIXBY LP, an affiliate of Parallel Capital, who represented itself. Continue reading →
CT Realty, Xebec Buy 530 Acres for 9 MSF Dallas Industrial Complex
CT Realty Investors and Xebec Realty Partners have big plans in Dallas–big multimillion-square-foot plans.
Canadian REIT Enters U.S., Buying Kansas-Based Lodging Enterprises
American Hotel Income Properties REIT, led by Canadian hotel veteran Rob O’Neill, has made its first acquisition in the U.S., purchasing Lodging Enterprises, a chain with 32 hotels in 19 states.
GAF Acquires 535 KSF Manufacturing Facility in Cedar City, Utah
GAF, the nation’s largest producer of roofing materials, has bought a 534,598-square-foot manufacturing facility on 78 acres in Cedar City, Utah, from CC Utah Enterprises.
C&W Arranges $79M Financing Deal for 2 MSF Charlotte-Area Industrial Portfolio
The Keith Corporation Portfolio, a 2 million-square-foot collection of Class A industrial assets in and around metropolitan Charlotte, has been snapped up by a JV with the assistance of $78.5 million of acquisition financing.
CenterPoint Properties Buys 1 MSF B&N Distribution Center in NJ
CenterPoint Properties has purchased Barnes & Noble’s 1.15 million-square-foot primary distribution facility located in Monroe Twp., N.J., for $83 million from a pension fund advisory firm.
The Rockefeller Group, IPA Break Ground on M-F Project in Suburban Phoenix
Late last summer, The Rockefeller Group and Investment Property Associates said they would break ground on the $58 million Liv Northgate in Gilbert, Ariz., in early 2013, and now they have.
SPECIAL REPORT: MBA Predicts M-F Funding Market Share May Fall Slightly in 2013
Mortgage originations for commercial properties will increase by 11 percent in 2013, the Mortgage Bankers Association (MBA) forecasted. Multifamily financing may tick down this year as capital supply to the other commercial real estate sectors make a comeback.