Investment
JV Completes Sale of PA Industrial Facility
J.G. Petrucci and The Davis Cos. have sold Wind Gap Logistics Center, a 349,012-square-foot warehouse and distribution property developed in 2018.
Morning Calm Trades 240 KSF South FL Business Park
The campus contains Class B office space spread across four buildings, developed between 1987 and 2000 and renovated between 2015 and 2018.
European Hotel Investment Hits Record Levels
Multiple cities are attracting robust capital flows to their hospitality sectors, CBRE reports. Of note, buyers from outside the continent are expanding their footprint.
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.