Investment
Under Pandemic Pressure, Capital Markets Adapt
A special report from Marcus & Millichap suggests that, despite all of the pandemic’s disruption to the CRE sector, the capital markets side is adapting quite well.
Clarion Partners Buys $201M Charlotte Logistics Park
Situated along the I-77 industrial corridor, the eight-building complex encompasses approximately 1.9 million square feet.
Monday Properties Pays $27M for Connecticut Office Asset
The two-building, 224,000-square-foot property in Stamford was more than 73 percent occupied at the time of sale.
ROVR Development Buys Miami MHC for $15M
The new owner financed the acquisition with an $8.5 million loan from Bank of America.
Suburban Orlando Retail Center Trades for $26M
Glenborough LLC sold the nearly 123,000-square-foot Kissimmee property. Publix anchors the asset.
Axton Group Buys Renaissance Austin Hotel for $70M
The company is planning to renovate the 492-key property’s public spaces and meeting rooms for the post-COVID-19 era.
Rialto Sells Former Sears in Northeastern Philly for $29M
The new owner plans to reposition the 237,000-square-foot property under the “Court at Cottman” label.
Tishman Speyer JV Raises $1B for Life Science Projects
The partnership, which also includes Bellco Capital, aims to acquire and develop a global portfolio of cutting-edge lab facilities.
Elion Partners Expands West Coast Last-Mile Portfolio
The company’s $83 million acquisition comprises logistics assets in the San Diego, Bay Area and Seattle metros. Separately, Elion also acquired a last-mile property in Florida.
CBRE Global Investors Buys 1.4 MSF Industrial Portfolio
Duke Realty sold the two recently completed logistics properties in Pennsylvania and Georgia.