Investment
Longfellow Real Estate Buys San Diego Office Campus
The company intends to convert the two-building property into lab space for life science tenants.
Turnbridge Equities Pays $37M for Durham Office Asset
Knighthead Funding originated a one-year, $21 million loan for the acquisition of Tower at Mutual Plaza.
Transwestern Kicks Off $50M New York City-Area Project
The company will renovate a 146,000-square-foot warehouse and build a 151,700-square-foot facility on the 16-acre site.
CAPREIT Buys Ontario MHC Portfolio
The Canadian REIT spent nearly $7 million for three manufactured housing communities comprising 169 sites.
Cushman & Wakefield Arranges $17M Phoenix Office Sale
The firm assisted both parties in the transaction of the three-building, 100,241-square-foot property.
Mack Real Estate Group Pays $59M for Phoenix Asset
The firm acquired a newly built logistics property in Goodyear, Ariz., in one of the region’s biggest industrial deals of the year.
Service Properties Trust Terminates Agreements for 122 Marriott Hotels
The REIT plans to transfer management of 98 of the properties to Sonesta International and sell the remaining 24 for $153 million.
Self Storage Industry Trends
The industry’s ability to adapt and control supply is keeping it stabilized during a difficult economy.
CBRE Spearheads Orlando Industrial Sale
David Murphy, Monica Wonus and Cameron Thomas assisted both parties in the all-cash, $6.5 million deal.
Binswanger Closes Pair of New Jersey Industrial Deals
Simmons Pet Food sold the properties outside Philadelphia to two separate buyers for a total of $18 million.