Investment
Alta Properties Offloads Atlanta Office for $27M
The buyer selected Avison Young to oversee property management and financed the acquisition with a five-year, $18 million loan held by Capital Bank.
Globe Corp. Sells Industrial Portfolio in Metro Chicago
Green Door Capital and Citimark have teamed up on the acquisition of seven properties totaling 447,059 square feet, with an average occupancy rate of 93 percent.
Dominion’s RfP Seeks 500MW of Wind, Solar Power
The company has pledged to have 3,000 megawatts under development or in operation by early 2022 under Virginia’s new Grid Transformation & Security Act.
Crocker Partners Buys $55M Orlando Office Portfolio
Wells Fargo Bank provided financing to facilitate the acquisition of Northpoint Center. The three-building asset encompasses roughly 335,000 square feet in Lake Mary.
PNY Technologies Sells NJ Industrial Property
In a sale/leaseback deal arranged by Cushman & Wakefield, Turnbridge Equities and Harbor Group International have acquired a 540,103-square-foot building in Parsippany.
Belay, Harbor Associates Buy 2 Office Assets for $57M
In separate joint ventures, the partners acquired properties totaling 302,000 square feet in Denver and the suburban Los Angeles city of Glendale, Calif.
Duke Energy Pushes Plan for Low-Cost Solar Adoption
In partnership with North Carolina Utilities Commission, the Duke affiliate intends to build, own and operate on-site solar facilities that will allow non-residential customers to access solar energy.
US Mayors Challenge Names Its Winners
The nine cities are set to receive $1 million each to address issues including mobility, climate change, homelessness and economic opportunity.
Daishin Securities Acquires NYC Office Tower for $195M
ASB Real Estate Investments sold the 21-story landmarked Midtown office asset on behalf of its $7.3 billion Allegiance Fund, its core investment vehicle.
Global CRE Allocations Rise, But Still Lag Targets
The latest annual survey by Hodes Weill & Associates and Cornell University examines how the world’s major institutional investors allocate investments to commercial real estate, we well as their sentiment toward the asset class.