Investment
Central FL Shopping Center Trades for $11M
More than 80 percent of the tenants at the 132,301-square-foot mall are national retailers. Marcus & Millichap brokered the deal on behalf of the seller.
Metro Miami Office Building Sells for $54M
CGI Merchant Group acquired a 162,293-square-foot asset in Coral Gables, Fla. Cushman & Wakefield assisted the seller in the transaction.
Achieving Net-Zero Energy in Office Properties
At this year’s BOMA Conference & Expo, panelists from Rocky Mountain Institute, Morgan Creek Ventures and Sharp Development Co., share six steps to implementing net-zero practices at office properties.
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.