Investment
Overton Moore Buys 18 Acres of Industrial Land in Pomona, Calif.
Overton Moore Properties has acquired 18 acres of industrial land in Pomona, Calif., and immediately begun construction on a 240,000-square-foot Class A build-to-suit industrial property.
NAREE Special Report: Retail Recovery Remains Delayed
Don’t expect the retail sector to recover just yet. Coming off of a pre-recession to recovery period that is the longest since World War II, it won’t be back to health before 2016 or even 2017, according to Naveen Jaggi.
Blackstone Adds DDR as JV Partner in Purchase of 76 Shopping Centers from ARCP
Blackstone Group has added a joint venture partner, DDR Corp., to its plan to buy 76 shopping centers from American Realty Capital Properties for nearly $2 billion, including assumed debt of $461 million.
Virtus Grabs 2 Dallas-Based M-F Housing Communities
To serve the growing Hispanic community in the area, Virtus Real Estate Capital has bought a portfolio of two multi-family housing properties in Dallas.
FirstService Residential Realty Completes Management Buyout
FirstService Residential Realty, a national property management company based in Austin, has been purchased by its executive managers and is changing its name to The Rockbridge Group.
Chatham Lodging Closes $1.3B JV Hotel Portfolio Purchase
Chatham Lodging Trust, in a new joint venture with NorthStar Realty Finance Corp., has completed the two-part, $1.3 billion acquisition of the 51-property former Innkeepers USA Trust hotel portfolio.
Greystar Closes on $800M Multifamily Acquisition Fund
Greystar Real Estate Partners has closed its Greystar Equity Partners VIII, a discretionary commingled fund focused on the acquisition of value-add multi-family assets in the United States.
Hines, Oaktree JV Acquires 230 KSF Office Building in Santa Ana, Calif.
Hines has entered into a joint venture with a real estate fund managed by Oaktree Capital Management to acquire and lease back 1750 E. Fourth St., a Class A office building situated on 2.8 acres in Santa Ana, Calif., from State Compensation Insurance Fund.
I.CON Special Report: Robust Industrial Market Ahead for Much of North America
The North American industrial sector offers much to cheer and a few reasons for caution, said experts at NAIOP’s international conference in Jersey City, N.J. on Thursday.