Investment
HFF Arranges Sale of Fort Worth Industrial Property
The firm marketed 35|820 @ Mercantile Center on behalf of the seller, Hunt Southwest. The building, completed last August, comprises more than 650,000 square feet.
The Mele Group Arranges Sale of CA Facility
Marcus & Millichap’s Tampa-based self-storage team brokered the sale of a 711-unit asset located in the Inland Empire. The team represented both parties in the deal.
Health-Care REITS Sell Into Strength
Institutional investors have taken greater interest in the sector amid faster-changing demographics, according to Fitch Ratings Senior Director Stephen Boyd.
Thor Equities Sells London Office Asset for $64M
The firm purchased the property in 2017 and refurbished its facade. The six-story building comprises a little more than 25,000 square feet.
PEG Cos. Buys Multi-State Marriott Portfolio
The roughly $130 million deal encompasses more than 1,000 guestrooms in eight states. Cantor Commercial Real Estate provided the acquisition financing.
Public Storage Buys SC Facility
The company added a 54,000-square-foot property to its portfolio. The asset is located in Summerville, around 25 miles from downtown Charleston.
Chicago Loft Office Building Commands Near-Record Price
Marcus & Millichap represented the seller of the four-story West Loop property, which traded for 13.1 million or $436 per square foot.
Deals Pick Up the Pace in Q2
Investment volume in the second quarter of 2018 rose to $114.2 billion, a 9.1 percent improvement over the previous quarter, according to Real Capital Analytics data.
EdgeCore to Build 144 MW Data Center Campus in NoVa
The new development will comprise four buildings of 36 megawatts each. The company is expanding in key U.S. data center markets, having already acquired land in several other metros.
Construction Tech Startups’ Meteoric Rise
Todd Burns, president of JLL’s project and development services group, explains what led venture capitalists to invest more than $1 billion in these companies in the first half of 2018—a 30 percent increase over 2017’s total.