Investment
Yield Curve Inversion Might Portend, But Doesn’t Predict, Recession
An update from Cushman & Wakefield discusses the correlation between an inverted yield curve and its implications for commercial real estate.
SKB, Angelo Gordon Pocket $67M in Northern California
The partners sold the Belvedere Place office complex in Mill Valley, three years after purchasing the asset for $46.8 million.
TerraCap Purchases Charlotte Office Portfolio for $59M
The three buildings contain nearly 340,000 square feet of Class A space in the city’s University submarket.
Florida’s Largest Industrial Deal
The sale of the 1.6 million-square-foot property in metro Miami marks the state’s largest transaction of its kind so far this year.
San Diego-Area Retail Center Commands $58M
A joint venture sold the 123,000-square-foot retail asset in Carlsbad, Calif. JLL represented the buyer in the off-market purchase.
Boca Raton Shopping Center Trades for $16M
Publix anchors the asset, which encompasses more than 70,000 square feet in the city’s retail corridor.
Pfizer to Invest $500M in Life Sciences Facility
The expansion at the company’s 230-acre campus in Sanford, N.C., is part a $5 billion capital projects program.
Highwoods Announces Nearly $900M in Southern Deals
The company purchased a Charlotte office tower and sold assets in Memphis and Greensboro, N.C.
Stan Johnson Brokers Michigan Industrial Sale
The building, located between Detroit and Flint, Mich., contains 667,000 square feet and is primarily used for product storage and regional distribution.
Apple Buys Some More, Makes $290M Silicon Valley Play
The iPhone maker has taken ownership of a pair of buildings in its hometown of Cupertino, where it opened a massive campus in 2017.