Investment
1031 Investor Chases Retail Yield in the Inland Empire
CBRE orchestrated a complex deal that resulted in its client’s purchase of Menifee Town Center and The Barn at Wildomar from separate sellers and the disposition of a Hollywood property.
Colony Capital’s Barrack to Step Back After $325M Merger
The firm has acquired Digital Bridge Holdings, whose CEO, Marc Ganzi, will succeed Colony’s high-profile founder. The deal is poised to create a $60 billion global asset manager.
KBS Sells South Florida Office Asset for $72M
Financial Center at the Gardens, a 10-story Class A building, is reportedly almost fully occupied. The asset last traded in 2015.
LaSalle Buys Orange County Asset for $55M
While Hutton Centre was renovated in 2002 and 2012, the new owner plans to further invest in new amenities and common-area improvements.
Stanton Road Capital Acquires Chicago Office Tower
The 22-story property at 200 S. Michigan Ave. in the city’s East Loop is also known as the Borg-Warner Building.
Miami Tower Changes Hands in $126M Deal
A RREEF Property Trust fund sold 800 Brickell after almost five years of ownership. The office asset also includes 30,800 square feet of retail and an adjacent nine-story parking facility.
Top 5 Sacramento Office Transactions
More than 2 million square feet of space changed hands in the metro year-to-date through June for a combined $447.4 million, according to Yardi Matrix data.
Metro Storage Pays $13M for Nashville-Area Facility
The firm has expanded its portfolio with the acquisition of a storage property located in Franklin, Tenn. The asset includes 523 climate- and 39 non-climate-controlled units.
Metro Storage Expands Florida Holdings
The company acquired a 641-unit self storage facility located roughly 7 miles from Orlando’s downtown.
CleanCapital, CarVal Acquire 75MW Solar Portfolio in NJ
Dubbed Olympic, the 15 facilities were acquired from KDC Solar. Off-takers for these projects include Fortune 100 companies as well as local governments and institutions.