Investment
TA Realty Buys San Jose Warehouse for $27M
The County of Santa Clara occupies the recently delivered facility under a long-term lease.
Newmark Facilitates $16M Los Angeles Industrial Park Sale
Ryan Plummer, Sean Fulp, Mark Schuessler and Kevin Shannon represented the seller, Marcus Adams Properties and Excelsior Partners.
Blackstone to Buy $3.4B Life Science Portfolio
Following the acquisition, the global investment firm will rank as the largest owner of life science properties in Cambridge, Mass.
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.