Investment
BLT Enterprises Acquires CA Manufacturing Facility for $31M
The 221,660-square-foot industrial property is the only facility larger than 200,000 square feet in the North San Diego submarket.
Google Continues Buying Spree with $1B Purchase
In this record-breaking transaction, the internet giant bought the 51.8-acre Shoreline Technology Park near its Googleplex headquarters from HCP Inc.
Marcus & Millichap Brokers IL Self Storage Sale
The company’s Tampa and Chicago Oak Brook offices facilitated the sale of the 261-unit self storage property located in Granite City, Ill.
Net-Lease Pendulum Swings
Stan Johnson Co. Managing Director Brad Feller describes the single-tenant sector’s balancing act as conditions start favoring buyers.
Stanton Road Capital Buys CA Office Campus
Newmark Knight Frank represented the seller, Westcore Properties, in its disposition of The Offices @ Village Business Park, a two-building asset in Buena Park.
JV Sells Pair of DC-Area Research Facilities
The properties were built for the National Institutes of Health in 2004. The agency continues to fully occupy the 229,905 square feet of Class A space.
Hampshire Cos. Sells NJ Industrial Building for $51M
HFF handled the sale of the more than 380,000-square-foot property in Totowa, which consists of both older renovated space and a brand-new addition.
Broe Real Estate Sells Metro DC Medical Pavilion
The 18-year-old property is situated in the city of Rockville, Md., and in the four years that the firm owned it, the building’s occupancy went from zero to 72.5 percent.
Foreign Fund Makes First US Acquisition in NJ
Westwood Properties purchased the suburban office property for $17.2 million. Known as 3 Becker Farm Road, the asset has undergone an extensive capital improvement program.
JP Morgan, Black Creek Group Form $400M Partnership
The equity commitment by the institutional investors will focus on industrial real estate throughout the U.S., including core, value-add and development opportunities.