Investment
ILPT to Acquire Industrial Portfolios for $905M
The logistics REIT inked two separate agreements that will ultimately increase its national footprint by a total of 12.9 million square feet.
SoCal Industrial Facility Changes Hands
Ironwood Partners traded the recently completed, 120,756-square-foot food-grade warehouse for nearly $16 million. The new owner fully occupies the property.
Opportunity Zones Program Takes a Step Forward
Recent IRS hearings aimed to clarify the new vehicle, which holds significant potential for investment in low-income communities across the U.S.
Optimus Properties Acquires LA-Area Office
The one-story structure 20 miles south of central Los Angeles contains more than 60,000 square feet. The county government is the only tenant the building.
Harbor Group, Paramount Acquire San Francisco Office Asset
The joint venture paid $227 million, or $775 per square foot, for the 293,000-square-foot office building at 111 Sutter St. The CBD property is LEED Gold-certified.
Podcast: Why the Cayman Islands Office Market is Booming
Jackie Doak of Dart Real Estate talks about the new office developments, upgraded infrastructure and the high-profile culinary event that’s led to an uptick in businesses moving to the tropical locale.
StorageMart Grows Kansas Portfolio
The company has opened a 639-unit self storage facility in Orlando Park, marking its fourth location in the region, roughly 24 miles from Kansas City.
Southpark Commerce Center V Under New Ownership
The recently completed industrial asset is 50 percent occupied, with leasing and management services assigned to Transwestern Commercial Services .
CBRE Facilitates Sale-Leaseback Deal in NJ
Seiko Holdings Corp. sold the 140,420-square-foot office/tech building in Mahwah, N.J., for $10.3 million. The property will continue to house the seller, as well as Nuance Communications.
Gramercy Property Buys 108 KSF Office in NJ
Rugby Realty sold 1290 Wall St. W. for $8 million. The five-story building last traded in 2016, as part of a 1031 exchange.