Investment
AREP Acquires PA Office Tower for $108M
The roughly 347,000-square-foot building is 15 miles from Philadelphia and features tenants such as Marsh & McLennan Cos., Allied Universal, Penn Mutual, AMG Funds and Airgas.
Bixby Land Co. Sells San Diego Creative Office Park
The property known as The Oberlin traded for $20.4 million and encompasses more than 62,000 square feet in the city’s Sorrento Mesa submarket.
Montecito Medical Enters Minnesota Office Market
The company acquired a Class A medical office building in Willmar. Fischer Laser Eye Center and Janning Ear, Nose and Throat Center are the property’s two tenants.
Greysteel Arranges Financing of Houston Storage Facility
The company’s Dallas office secured the non-recourse bridge loan for a 463-unit facility, which Extra Space Storage will manage.
The Mele Group Facilitates Sale of WI Storage
Marcus & Millichap’s brokerage team arranged the sale of a 555-unit self-storage property in Waukesha, Wis., approximately 15 miles from downtown Milwaukee.
2018 Expo Real Conference Highlights
Professionals at the real estate trade conference and fair in Munich shared ideas and industry trends, with several panels focused on artificial intelligence, technology and coworking. Read our 2018 roundup below.
2018 ULI Fall Meeting Coverage
Innovation, impact and inclusion were common themes at the organization’s annual conference, where tours, presentations and discussions brought together real estate decision-makers in Boston.
RCM-SIOR Report: Strong Industrial Investment to Continue
The e-commerce boom, particularly in last-mile facilities, and economic expansion are among the drivers cited by participants in the annual survey.
Equus Capital Acquires Suburban Philly Office Building
The Class A asset serves as the U.S. headquarters for Endo Pharmaceuticals and is part of the newest office complex in the Malvern/Exton submarket, Atwater Corporate Center.
Heslin Holdings Acquires Tucson Retail Asset
The acquisition is part of the company’s plan to invest $75 million in shopping centers across the nation during the next year.