Investment
CRE Investors Look Forward to Busy 2019 With Cautious Optimism
The latest survey on investor sentiment from NREI/Marcus & Millichap finds that investors expect an active year ahead but are taking a more conservative outlook.
TA Realty Pays $139M for LA County Office Tower
The subsidiary of The Rockefeller Group acquired the building in El Segundo, Calif., ahead of sole tenant Northrop Grumman’s lease expiry. VEREIT is the former owner of the 340,000-square-foot tower.
RFR Buys Manhattan Asset for $123M
ASB Real Estate Investments sold the historic building at 875 Washington St. in the Meatpacking District on behalf of its Allegiance Real Estate Fund.
SmartStop Acquires NJ Storage Facility in $30M Deal
Levin Johnston of Marcus & Millichap facilitated the sale-leaseback of the 1,777-unit property in Newark, N.J.
Investcorp Acquires $170M Industrial Portfolio
The eight buildings, which are spread across the U.S., comprise 1.4 million square feet and are 100 percent leased to such tenants as FedEx Ground and XPO Logistics.
Industry Leaders Weigh In on Investment: CPE 100 Survey
In the year’s first survey of the industry leaders who comprise the CPE 100, executives weigh in on the outlook for commercial real estate investment, the performance of their own companies and what’s ahead for the economy.
Coworking Grows in San Diego as Biotech VC Stumbles
The shared office sector is booming in the Southern California city, a new report by CBRE suggests, while venture investment in life sciences retreated during the first quarter.
Industrial Property in CA Trades for Record $214M
Pacific Industrial sold the 1.5 million-square foot property to a life insurance company. The facility is fully leased to LG Electronics and FedEx.
Why Inflation Is the Main Risk for CRE
RICS Chief Economist Simon Rubinsohn discusses the diverse landscape of global commercial real estate markets and highlights the risks that will impact the business going forward in a podcast hosted by Senior Editor Alexandra Pacurar.
Exeter Property Buys Inland Empire Distribution Center for $98M
The company bought the Class A facility in San Bernardino, Calif. Bob’s Discount Furniture is the 800,000-square-foot property’s only tenant.