Investment
Opportunity Zones Take Shape Despite Mixed Reviews
At the Connect Opportunity Zone conference last week, investors described some of the exciting projects that this new economic stimulus program has set in motion.
Trez Capital, Hines Purchase Texas Storage
The acquisition of a 1,600-unit facility located in Plano is the joint venture’s first self storage investment.
Kilroy Realty Closes $116M Orange County Office Deal
The disposition of the 12-story 2211 Michelson office building in Irvine completes the company’s 2019 capital recycling program.
VICI Inks $843M Cleveland Casino Deal
The agreement with Jack Entertainment encompasses gaming properties in downtown Cleveland as well as suburban North Randall.
Prologis to Acquire Liberty Property Trust for $12.6B
The industrial giant has struck a deal for Liberty’s 107 million-square-foot logistics portfolio, expanding its presence in key markets.
Swiss Investor Buys Manhattan Creative Office Building
AFIAA Foundation expanded its New York City portfolio with the acquisition of a 12-story property on 27th Street, between Sixth and Seventh avenues.
Meridian Acquires Bay Area Office Building
The purchase of the 100,000-square-foot asset in San Mateo comes as the company ramps up its investment focus in the metro.
Cousins Properties Regains Ownership of Atlanta High-Rises With $503M Buy
With JLL’s assistance, investors advised by J.P. Morgan Asset Management sold their 50 percent interest in the two office towers, back to the developer.
AECOM, Canyon Partners Close $500M Fund
The joint venture plans to target build-to-core investments in top markets nationwide across all property types.
Meridian Buys Orange County Office Building
The firm paid more than $20 million for the property and will invest another $5 million in capital improvements.