Investment
Plymouth Industrial Closes Stock Sale, $97M Portfolio Purchase
The REIT sold $75 million worth of shares to Madison International Realty and used a portion of the proceeds to acquire a 1.1 million-square-foot group of assets in Jacksonville, Fla.
Piedmont Expands Boston Portfolio With $74M Acquisition
The REIT also sold a Glendale, Calif.-based office property, sticking to its strategy of selling select non-core and mature assets at low yields and reinvesting proceeds into strategic markets.
Financing MOBs: A Lender’s View
The specialty assets have some traits in common with retail properties, notably the importance of location and consumers’ needs.
How High Can Long-Term Interest Rates Rise?
Real estate borrowing rates are still relatively low, but the 2017 tax reform package and 2018 trade issues have led to economic volatility and long-term concern.
Net Lease as a Hedge Against Market Swings
While this asset class focuses largely on the retail market, the diversification comes in the range of lease terms, geographies and product types over which savvy investors can spread risk.
Swift Real Estate Acquires San Francisco Office Building
The buyer funded the transaction with an acquisition and development loan from a private lender. The 1912-built historic property is almost fully leased.
Clarion Partners Completes $135M Seattle Office Purchase
Kilroy Realty sold the property seven years after acquiring it from HAL Real Estate for more than $100 million.
Art Van Furniture Store Changes Hands in OH
The 91,388-square-foot store located in Toledo’s metropolitan area traded for $16.5 million. Stream Capital Partners represented the institutional seller.
Oxford Properties Acquires Australian Office Fund for $2.4B
The real estate arm of OMERS purchased 19 office assets in Sydney, Melbourne, Brisbane, Perth and Canberra from Investa Property Group. Oxford and Investa will manage the portfolio jointly.
Clarion Partners Acquires $282M NYC High-Rise
The Midtown Manhattan office building recently underwent $30 million in capital improvements. Newmark Knight Frank represented the seller, Blackstone’s EQ Office affiliate.