Investment
Castellum to Sell Swedish Portfolio for $85M
Intea Fastigheter AB has agreed to buy Fanborgen 3, the second-tallest building in Halmstad, and two other neighboring properties in the city’s university area.
New Study Aims to Crack Cap Rate Code
The model is based on the unemployment rate and the flow of commercial mortgage debt, metrics that are a proxy for U.S. economic performance and capital flows into commercial real estate.
Report: Global Institutions Spend More on Real Estate
The annual survey by Hodes Weill & Associates and Cornell University also found that confidence by institutional investors was up for the third straight year.
Silverbrick Buys Historic Office Building in Massachusetts
Completed in 1897, the nine-story building is considered Worcester’s first high-rise.
Hines, NPS of Korea Form $1.5B Joint Venture
The new build-to-core venture will invest in developments spanning a bevy of property types in urban infill locations in key markets around the world.
Atlanta Industrial Park Sells for $39M
JLL represented the seller, a joint venture including The Ardent Cos., Taconic Capital Advisors and Axonic Capital.
CAM Investments Pays $81M for Phoenix Industrial Asset
The two-building, 603,903-square-foot industrial property in Mesa came online earlier this year.
Public Storage Expands With $528M Portfolio Acquisition
The REIT has purchased 24 existing assets from Beyond Self Storage and expects to close on another 12 as they are built next year.
BentallGreenOak Sells Bay Area Office Asset for $130M
Completed in 2000, Hollis Business Center in Emeryville, Calif., is 84 percent occupied.
Harrison Street JV Sells Life Science Campus for $720M
The Bulfinch Cos. developed the three-building property in Cambridge, Mass., on the former site of Acorn Park.