Investment
Slate Office Sells Toronto Asset for $27M
The real estate investment trust entered into an agreement to sell a nine-story, 157,000-square-foot property less than a year after purchasing it.
1st Phase of $58M Marriott Restoration in Puerto Rico Complete
JLL’s project and development services division finished the first leg of renovations to the Marriott San Juan Stellaris, which was significantly damaged during Hurricane Maria in 2017.
KBS Buys Orlando Office Property for $49M
The five-story Maitland Promenade One is situated within Maitland Center, one of the largest suburban office parks in Central Florida. The firm also already owns the sister building, Maitland Promenade Two.
Liberty Property Trust Inks Full-Building Lease in NJ
The Gilbert Co. will be the only tenant of the 302,500-square-foot industrial building, which traded in a $41 million deal last September.
US REITs to Continue Solid Performance in 2019, But Growth is Slowing
Strong balance sheets will provide ample access to the capital markets and the ability to fine-tune portfolios to match changing demographics and consumer tastes.
What Can Opportunity Zones Offer NNN Investors?
Even if the final regulations do not include net leased assets, the expected increase in retail stores in these districts is promising.
Castellum Buys, Sells $550M in Swedish Office Assets
The real estate company continues to refocus its portfolio on growth areas, with the purchase of six properties in Linköping and the disposition of 20 others in Sundsvall.
London Draws Most Global Real Estate Investment
Despite Brexit concerns, the city topped JLL’s list for the second consecutive year, with Los Angeles, Paris and Shanghai also among the most coveted markets. But which gateway destination is the runner-up?
Welcome Group Lands $300M Capital Infusion
The Texas developer will use the funding from an investment vehicle managed by Almanac Realty Investors to reinforce its existing strengths in single-tenant projects, primarily industrial.
Office Park in Tampa Changes Hands
An affiliate of Chrysalis Health has acquired Gulf South Center, a 98,000-square-foot, six-building asset in Tampa, Fla. The new owner plans to upgrade the property.