Investment
Building Toward a Common Good
At the Urban Land Institute’s annual conference, seasoned developers exchanged stories of challenges they have overcome in creating economic value and public benefit.
Levin Johnston Arranges Bay Area Self-Storage Sale
The brokerage firm arranged the sale of two self-storage facilities located in Sunnyvale and Fremont, Calif. The assets traded for $28 million.
Consolidated-Tomoka Snags 210 KSF Albuquerque Office Property
The asset, fully leased to an affiliate of Fidelity Investments, is located within Mesa del Sol, a 12,900-acre mixed-use master-planned community.
Plymouth Industrial REIT Grows OH Presence
The buyer paid $27 million for a 400,000-square-foot, Class A building in Cleveland, and plans to spend a further $24.8 million on a 1.1 million-square-foot property in Cincinnati.
Seattle’s 10 Most Transacted Submarkets by Office Sales Volume
Seattle continues to shine due to its ongoing population growth, solid employment, strong academic footprint and tech-bolstered office demand. More than $2 billion worth of office assets changed hands between January and August 2018.
Texas Developer Nabs 294 KSF Charlotte Shopping Center
CBRE facilitated the deal on behalf of the seller. Ross Dress for Less, Michaels, Office Depot, Guitar Center and Rack Room Shoes anchor the retail asset.
Fenway Capital, Iron Point Buy $25M Phoenix Office Property
The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE’s Capital Markets secured an acquisition loan through CapitalSource.
ULI’s New Global CEO Discusses Outreach, Innovation
Ahead of the organization’s fall conference this week, industry veteran Ed Walter details his plans to strengthen member engagement and community impact in a candid podcast interview.
Central Florida Hotel Trades for $7M
Follow the buyer, RivieraPoint, on a video tour of the 77-key La Quinta Inn & Suites, which the company plans to renovate.
Transwestern Buys Houston Office Asset
The three-story property will undergo a capital improvement program that will transform it into a medical office building branded as Greenhouse Medical Plaza.