Investment
Atlanta Office Asset Commands $58M
The seller, Lone Star Funds, had acquired the 18-story Class A property from U.S. Bank for $47.3 million in 2015.
Why Steady Interest Rates Won’t Save the Day
While the Fed takes a patient approach, what else could disrupt the capital markets in 2019? Aztec Group’s Charles Penan sheds light on potential pitfalls.
CBRE Acquires Global Data Center Tech Company
Romonet, a U.K.-based analytics software provider that uses a patented cloud-based technology, will be integrated into CBRE’s Data Center Solutions group.
Avison Young Completes Merger With GVA
The newly expanded firm consists of more than 5,000 professionals and 120 offices in 20 countries.
Climate Change as a Real Estate Investment Risk Factor
The report from ULI and Heitman predicts that assessing a property’s exposure will become institutionalized and suggests next steps for raising awareness.
Top 4 Things to Know About Detroit’s Office Market
Colliers Executive Vice President John Fricke touches on the challenges, top amenities, market performance and 2019 trends in the Midwestern metro.
Bridge Development Buys Industrial Facility for $68M
Lee & Associates facilitated the sale of a 261,528-square-foot industrial asset located in Los Angeles, near the city’s downtown. The firm represented both the seller and the buyer in the deal.
Rubenstein Partners Grows Presence in MD
Boston Properties received $22.7 million for The Preserve at Tower Oaks in Rockville. The owner will be soon add a new tenant lounge, a café and a fitness facility.
Former NJ Ballantine Brewery Commands $61M
A Turnbridge Equities joint venture acquired the 1.1 million-square-foot building in Newark. The property is also located in an Opportunity Zone.
Westmount Sells Baltimore-Area Industrial Park
The company sold Logistics Pointe BWI in Hanover, Md., a 357,700-square-foot light industrial and distribution center, following a capital improvement program.