Investment
Skanska Invests $35M in Budapest Office Campus
Construction on the third phase of Nordic Light, a 150,000-square-foot complex, has begun. The building is scheduled for completion by the second quarter of 2020.
Meridian Sells CA Medical Office Building
The buyer, a Fremont-based family office, completed the purchase through a 1031 exchange. The asset is located in Oakland.
Fully Leased Houston Manufacturing Facility Changes Hands
Hines sold the nine-building property located within the 650-acre Greens Port Industrial Park, with Stan Johnson Co. brokering the transaction.
Chattanooga Retail Asset Changes Hands
Six Pines Realty, owner of the grocery-anchored shopping center, sold the 86,000-square-foot property for more than $18 million to Publix.
Cardinal Industrial Nabs South Texas Facilities
The assets, located in McAllen and Pharr, total more than 450,000 square feet, spread across 25.8 acres. JLL brokered the deal.
Thor Equities Buys First Boston-Area Asset
The company is continuing its expansion in the Northeast. Norwood Medical Center offers 92,000 square feet of medical office space across three stories.
National Storage Affiliates Acquires KS Facility
The firm added 409 units to its portfolio. The property is located in Wichita, Kan., some 6 miles from downtown.
Crossborder Capital Flows in US Real Estate Markets
Chris Nebenzahl of Yardi Matrix offers an analysis of what’s driving increased competition for deals among offshore capital providers.
Why Private Equity Likes Sale-Leasebacks
Industrial assets are particularly ripe for this type of transaction, having accounted for more than half of deal volume in the first half of 2018, up from 35 percent in 2017, noted Krupa Shah, senior vice president of JLL’s capital markets group.
Economic Expansion: More Room to Run?
Ken Riggs, president of Situs RERC, believes that, despite its near-record length, the recovery seems far from over, and contends that key indicators point to further growth ahead.