Investment
Hammes Partners Pays $409 Per SQFT for AZ Medical Building
Spectrum Medical Commons, developed by Irgens in 2017, is adjacent to Mercy Gilbert Medical Center. JLL brokered the $17.8 million transaction.
BOMA International Conference & Expo 2019 Coverage
Sessions ranged from energy efficiency and financing to tenant engagement and the shifting workforce at this year’s BOMA International Conference & Expo, which took place in Salt Lake City from June 22-25.
Upbeat Outlook for Office Investment: Report
The Mid-Year Office Investor Sentiment Report by Real Capital Markets finds investors are looking to make deals, with $200 billion in dry power yet to be deployed in commercial real estate.
Fort Lauderdale Shopping Center Sells for $39M
Marcus & Millichap represented both parties involved in the deal. Walmart’s first supercenter in the city shadow anchors the Class A, 103,452-square-foot regional mall.
Houston-Area Office Building Trades for $27M
Northstar Commercial Partners bought a 143,000-square-foot Class A asset in Sugar Land, Texas, from Velocis. The property was roughly 7.5 percent vacant at the time of sale.
RAF Pacifica Grows San Diego Office Portfolio With $20M Buy
The new owner intends to repurpose the property’s truck court into a variety of exterior amenities, from drought-resistant landscaping to a basketball court.
Richmond Industrial Facility Trades in $9M Deal
CBRE brokered the sale-leaseback transaction on behalf of locally based seller Pohlig Brothers Packaging. STAG Industrial Holdings purchased the 110,000-square-foot asset.
Park Hotels & Resorts Sells 3 Assets for $166M
The disposition of the 1,098-key portfolio helps the hospitality REIT curb leverage ahead of its $2.7 billion merger with Chesapeake Lodging Trust.
The Rise of the Multi-Generational Workforce
Five generations are changing the dynamics of the workplace, said Erik Lucken of RSP Architects at the BOMA International Conference & Expo.
Metro Phoenix Creative Office Sells for $46M
EverWest and CarVal Investors completed the sale of The Circuit, a 185,000-square foot, fully occupied adaptive reuse project in Tempe, Ariz.