Investment
CubeSmart Strikes $540M NYC Self Storage Deal
The blockbuster transaction will add nearly 800,000 rentable square feet to the storage giant’s platform in Queens, Brooklyn and the Bronx.
Plymouth Industrial, Madison International Form $150M Equity JV
The partnership’s first investment will be a 28-property portfolio in Memphis, Tenn.
Midwest Park Capital Launches $10M MHC Fund
The fund will target secondary and tertiary markets and assets completed between 1970 and 1990.
Prudent Growth Partners Bolsters Retail Portfolio
The company paid $4.5 million for two Dollar General and three Family Dollar stores in North Carolina.
Cushman & Wakefield Brokers $23M Miami Office Sale
The company assisted the seller and secured acquisition financing for the buyer, Midtown Capital Partners.
Boston Creative Office Asset Sells for $72M
NB Development Group sold the property at 20 Guest St., across from the Boston Landing district, with the assistance of JLL Capital Markets.
Equus Capital Pays $57M for Virginia Industrial Portfolio
Nationwide Insurance Co. provided $38.2 million in financing for the acquisition of four warehouses totaling 655,852 square feet.
Downtown Las Vegas Zappos HQ Trades for $65M
In 2013, the Amazon-owned shoe retailer executed $48 million in improvements on the former city hall.
Blackstone to Pay $1.2B for Simply Self Storage
The company last traded in 2016, when Brookfield Asset Management acquired it for $830 million.
The Climate Factor in CRE Investment Strategy
As losses mount and premiums rise, risks posed by extreme weather are drawing heightened scrutiny from industry stakeholders.