Investment
Menlo Equities Acquires Phoenix Office for $52M
The property, fully occupied by Wells Fargo, is situated within Papago Park Center, a large-scale mixed-use development in Tempe, Ariz.
Blackstone, COPT Form $265M Data Center Venture
A non-traded REIT sponsored by Blackstone is forming a JV with Corporate Office Properties Trust to buy a 1.2 million-square-foot portfolio of COPT data centers.
Marcus & Millichap Arranges Sale of Suburban Chicago Retail Asset
Adrian Mendoza, Austin Weisenbeck and Sean Sharko marketed the property on behalf of the seller and also represented the buyer of Bluestone Commons.
Hines Sells San Diego Office Campus for $525M
La Jolla Commons, situated in the University Town neighborhood, includes a pair of Class A towers totaling 724,000 square feet, as well as the potential for further development.
Innovatus Capital Partners Buys San Francisco Asset
The company has acquired the 135,000-square-foot multi-tenant office building from Ellis Partners, which had owned the North Marin property for five years.
The Changing Dynamics of Tenant Engagement
Connecting with building tenants is essential to promoting a healthy work environment, as well as to attracting and retaining new tenants, explained Michael Giese of GlenStar Properties at this year’s BOMA International Conference & Expo.
Target Hospitality Purchases Delaware Basin Lodging Properties
The company purchased the communities from Superior Lodging, upping its portfolio by 575 single-occupancy accommodations within the Permian Basin, at the epicenter of great activity among oil and gas businesses.
Compass Self Storage Buys FL Facility
The Amsdell Cos. paid $9.9 million for a 98,000-net-rentable-square-foot storage facility located in Largo. The asset marks the company’s 21st facility in Florida.
Situs, American Mortgage Consultants to Merge
The agreement between the two firms will combine their commercial and residential real estate services, as well as their technology offerings to clients across the globe.
Target Aims for 100 Percent Renewable Energy by 2030
The retailer currently uses roughly 22 percent renewable energy and has set to generate 60 percent of its energy through green sources by 2025.