Investment
Guardian Storage Acquires Phoenix-Area Facility
The company financed the purchase with a $14.2 million loan provided by First Bank.
Allianz Real Estate Expands Portfolio With $239M Buy
The company has closed on a major office building acquisition in Munich.
Suburban Los Angeles Retail Center Trades for $19M
The shopping complex encompasses 74,800 square feet and last changed hands in 2006.
REIT Sells Two Office Assets for $42M
Office Properties Income Trust’s proceeds from the two office sales in New Jersey and Illinois will be used for general business purposes, including repaying debt.
CIT Bank, BlackRock Originate $163M Loan Package for Industrial Portfolio
The Arden Group used the financing to assemble a 2.1 million-square-foot, 12-property portfolio across multiple states.
Swift Sells Downtown Sacramento Office Building
Cushman & Wakefield orchestrated the sale of the five-story property to New York Life Real Estate Investors five years after it last traded.
Thor Equities Acquires Life Sciences Building for $95M
SJP Properties sold the legacy manufacturing property in downtown Jersey City, N.J.
Noble Investment Pays $58M for Nashville Hyatt
Truist Bank provided $52.1 million in acquisition financing for the newly opened hospitality asset.
Suburban Philadelphia Self Storage Asset Trades for $13M
After an expansion in 2016, the facility changed hands for nearly four times the price it had sold for in 2013.
Nareit’s Calvin Schnure on Coronavirus Effects
Commercial and multifamily real estate are showing signs of resilience, thanks in part to long-term leases, says Nareit’s chief economist.