Investment
Port Cities and Industrial Real Estate
Bold investments in infrastructure and the explosion of ecommerce are benefiting port cities and industrial real estate. Here is a look at opportunities in the most dynamic seaport markets.
Retail Investment Trends
At a time when e-commerce appears to be ascendant, what are the latest and most influential retail investment trends? What is myth and what is reality?
StorageMart Expands Omaha Footprint
The company added more than 1,700 self storage units to its portfolio in the greater Omaha market. The facilities are located around 10 to 16 miles from the city’s downtown.
Office Asset in San Diego’s Tech Hub Trades for $10M
MIG Real Estate sold the three-story property in the Sorrento Mesa neighborhood, where technology and medical companies maintain a strong presence.
Vornado Sells $1.2B Stake in NYC Retail Venture
In its latest move to generate big proceeds, the REIT sold a 45.4 percent common equity interest in its Upper Fifth Avenue and Times Square collection.
$2.6B Encore Boston Harbor to Open in June
Believed to be Massachusetts’ largest project ever completed in a single phase, Wynn Resorts’ development will feature a 671-key hotel and a casino with 3,000 gaming positions.
Summit Hotel Properties Sells Multi-State Portfolio for $135M
The company completed the disposition of six assets totaling more than 800 guestrooms, located in Massachusetts, Texas, Minnesota, Utah and California.
Chrysaor Buying ConocoPhillips North Sea Assets for $2.7B
The mega transaction will make the private equity-backed U.K. oil company one of the basin’s largest producers.
Austin Energy to Acquire Nacogdoches Facility for $460M
The transaction is expected to close in mid-2019 and will enable Austin Energy to avoid about $275 million in additional costs over the remaining term of the agreement.
Cushman & Wakefield Facilitates $16M CA Industrial Sale
The new owner financed the acquisition with a $10 million loan from East West Bank. A Mitsubishi subsidiary is the only tenant of the 73,000-square-foot building in Poway.