Investment
StorageMart Buys 72 KSF Facility
The firm has expanded its portfolio with a 72,063-net-rentable square-foot facility located approximately 24 miles from downtown San Antonio.
Jacksonville Industrial Property Commands $15M
BankUnited provided $10.6 million in acquisition financing to buyer IP Capital Partners. The seller had previously acquired the three-building, 600,000-square-foot portfolio in 2016.
Hackman Capital to Pay $750M for CBS’ Television City
The real estate investment and operating company will add the 25-acre Los Angeles campus to its growing media-related portfolio in a sale-leaseback transaction.
Oil, Gas Producers on Uneven Road to Carbon-Free Future
Europe’s investment in the transition outpaces the U.S., Russia and China, concludes a U.K.-based environmental research group.
Baywood Hotels Expands in Ithaca, NY
The company has acquired a 106-key Fairfield Inn & Suites near Cornell University and Ithaca College, which are home to approximately 28,000 students.
James Campbell Co. Hires New CIO
Based in the San Francisco office, Arndt Nicklisch will be responsible for overseeing the company’s investments and dispositions.
Brookfield Completes $11.4B Purchase of Forest City
With the all-cash acquisition of the century-old investor and developer, the company adds a diversified portfolio of assets.
Trinity Investments JV Buys Grande Lakes Orlando Resort
In a partnership with Elliott Management, the company paid a reported $900 million to purchase the 400-plus-acre property, which includes two hotels and a Greg Norman–designed golf course.
South Florida’s $1.5B Sunrise Project Is Coming to Light
CPE takes a close-up look at one of the nation’s largest mixed-use projects currently under construction: Metropica. KGH International and The Trillist Cos. are developing the 65-acre project.
JV Acquires Berlin Office Complex
In a partnership with a private investor, Ardian Real Estate has acquired an asset offering more than 300,000 square feet of rental space in the heart of Berlin.