Investment
Industrial CRE Yield Compression Continues Globally
In a new study of 63 markets around the world, CBRE finds that 47 of them experienced a year-over-year decline in logistics real estate yields in 2018.
Stable Development Buys Atlanta-Area Medical Office Portfolio
Academy Orthopedics sold the three buildings located in Cumming and Buford, Ga. The former owner leases more than half of the space.
Washington Capital Buys San Diego Campus for $40M
The company has acquired the two-building office property on behalf of a client, marking its second deal in the Kearny Mesa neighborhood in less than two months.
Blue Sky Equity Partners Buys Tucson Hotel
The company has expanded its hospitality portfolio with the purchase of the 156-key Red Lion Inn & Suites Tucson North Foothills.
JV Buys Distressed Office Property in MA
National Development and Charles River Realty Investors purchased a 116,490–square-foot asset in Medford, Mass. The new owners are set to upgrade the building’s common areas, landscape and signage.
Research Triangle Office Building Changes Hands in $58M Deal
Global medical device company Align Technology, a tenant of Forty540 since it opened in 2017, acquired the asset in Morrisville, N.C., from its developers.
JV Acquires Suburban Atlanta Office Property
Granite Properties has sold a two-building, Class A office property in the city’s North Fulton submarket. CBRE represented the seller in the transaction.
Sterling Organization Sells FL Shopping Center for $38M
The company sold Pembroke Place, a 158,800-square-foot, grocery-anchored property in metropolitan Fort Lauderdale, to Longpoint Realty. A CBRE team acted on behalf of the seller.
It’s Yield vs. Caution in New Investor Intention Survey
Investors are caught between the pursuit of yields and the realities of a late-cycle market, all overshadowed by macroeconomic worries, CBRE reports.
Phoenix Retail Center Trades for $20M
Executive Managing Directors Ryan Schubert and Michael Hackett of Cushman & Wakefield brokered the sale of the 90,264-square-foot Madison Village Marketplace.