Industrial
Fitch: Commercial Properties Have a Long Road to Recovery
U.S. commercial properties have seen some minor improvements of late, but the sector still has quite a ways to go before it can completely shake off the effects of the economic recession, according to Fitch Ratings.
CBRE Facilitates 2.1 MSF Industrial Portfolio Sale
CB Richard Ellis just completed the sale of a seven-asset, 2.1 million-square-foot national portfolio consisting of 10 buildings throughout Georgia, Michigan, Minnesota, Ohio and Texas.
Sabal Financial Acquires $158M CRE Loan Portfolio
Through the FDIC’s Small Investor Program, Sabal Financial Group has acquired a $158 million portfolio of performing and non-performing commercial real estate loans from FirsTier Bank of Louisville, Colo.
Flagler Secures 4 MSF Seagis Industrial Portfolio Contract
Flagler Real Estate Services has secured a contract from Seagis Property Group to manage the industrial real estate owner’s 4 million-square-foot South Florida portfolio of assets
AREA, Adler Group Close First Phase of $350M Portfolio Purchase from WRIT
AREA Property Partners and Adler Group, acting together in a joint venture as AP AG Portfolio L.L.C., have completed the first step in acquiring a 3.1 million-square-foot portfolio of office and industrial properties from Washington Real Estate Investment Trust.
Transwestern Wins Two Service Contracts for 5.1 MSF in San Fran Bay Area
Transwestern has secured two assignments from Westcore Properties and USAA Real Estate Co. involving an aggregate 5.1 million square feet of properties in the San Francisco Bay area.
Weeks Robinson Grabs 600 KSF Suburban Baltimore Warehouse, Land for $19.1M
Weeks Robinson continues to capitalize on the distressed real estate marketplace with the acquisition of Trade Center 95, an industrial asset consisting of a vacant 600,000-square-foot warehouse and 32 acres of developable land, for $19.1 million.
Clarion Partners Purchases $118M, 2.8 MSF Industrial Portfolio from ProLogis
Clarion Partners acquired 13 Class A industrial properties from ProLogis for $118 million, focused mostly on Midwest distribution centers.
A Deal for North L.A.’s Largest Industrial Lease of 2011
In the largest industrial-building lease this year in the Santa Clarita and San Fernando Valley area, Deluxe Media Management has taken a 229,450-square-foot lease in the Vista Business Park in Valencia, Calif.
Two Big Houston Sales for HFF
It’s been a busy few days for HFF, as the firm moved two large Texas properties: an industrial park in Houston and a 342-unit multi-family community in a Houston suburb.