Investment
How Will Opportunity Zones Impact Financing, Investment?
George Smith Partners’ Principal & Managing Director Bryan Shaffer explains how borrowers, lenders and cities can benefit from an influx of capital triggered by the new program.
NKF Adds Member to Valuation and Advisory Team
The company named Drew Robinson, a 15-year commercial real estate veteran, senior vice president. Most recently, he served as vice president at CBRE.
Why This Cycle Is Safer Than the Last One
Joel Stephens, head of Regions Bank’s real estate capital markets group, sheds light on the impact of rising interest rates and aggressive debt origination on financing opportunities.
Nearon Enterprises Enters Sacramento Industrial Market
Massie & Co. sold the roughly 518,000-square-foot portfolio for $34 million. The three buildings are fully leased to a long-term tenant.
Lexington Realty Sells Office Portfolio for $726M
The 3.8 million-square-foot collection of properties went to a joint venture in which the REIT owns a 20 percent interest.
Peachtree Snags New Hotel in Charlottesville, VA
HREC Investment Advisors worked on behalf of Titan Hotel Group to arrange the sale of the newly constructed 117-key Fairfield Inn & Suites near the city’s historic downtown.
CenterPoint Nabs 295 KSF Distribution Center in WA
Sears, Roebuck and Co., had owned the property since 1991. The asset is located within proximity of both Port of Tacoma and Port of Seattle.
NARE Expands Chicagoland Retail Portfolio
The company acquired Woodgrove Festival, a roughly 157,000-square-foot retail center in Woodridge., Ill. The asset is approximately 89 percent occupied.
Ackerman & Co. Acquires 4-Building Industrial Portfolio in GA
The properties, which sold for $9.8 million, are all located on Warren Drive within the Northeast industrial market. Colliers International represented the seller in the transaction.
Baltimore Office Building Commands Record Price
JLL has facilitated CoreCivic’s $242 million acquisition of a new government-leased, LEED Silver campus in Reisterstown, Md., from an affiliate of The JBG Cos.