Investment
Liberty Property Trust Sells Phoenix Office Portfolio for $255M
CBRE represented the REIT in the sale of five buildings totaling 806,000 square feet, one of the metro’s largest office transactions on record.
Mapletree Acquires $1.1B Portfolio from Prologis, Norges
The deal increases the Singapore-based company’s holdings in the U.S. and Europe with the addition of 16.5 million square feet of logistics space.
Downtown Miami Office High-Rise Commands $117M
Banyan Street Capital, Independencia Asset Management and Crocker Partners have sold the 33-story Brickell City Tower, in a deal facilitated by CBRE Capital Markets.
Orlando-Area Warehouse Property Trades for $10M
CBRE facilitated the sale of Monroe CommerCenter South in Seminole County, a five-building asset close to Interstate 4. Charles Wayne Investment will handle management functions at the property.
Oxford Cos. Adds Office Asset to Ann Arbor Portfolio
The 10-story building represents one of the most iconic office developments in the city’s south side area. The seller is Equity Commonwealth.
E-Commerce Fuels Repricing of Retail, Industrial Assets
Scott Crowe and Uma Pattarkine of CenterSquare Investment Management analyze online shopping’s divergent effects on retail and logistics companies, as well as the properties they occupy.
Rialto Acquires MD Industrial Portfolio
Parkway Industrial comprises nine building totaling 711,220 square feet. Transwestern’s Mid-Atlantic Capital Markets Group represented the seller, a global investment manager.
Self-Storage REITs to Merge in $340M Deal
Strategic Storage Trust II will pay holders of Strategic Storage Growth Trust stock a total of $12 per share in cash.
Cap Rates Rise for Net Lease Retail, Office; Down for Industrial
The average cap rate for the single-tenant net lease retail sector has continued to increase all year and hit its highest level since 2015, The Boulder Group reports.
Portland Office Tower Changes Hands
American Realty Advisors and Unico Properties have teamed up to acquire MODA Tower, a 24-story building at 601 SW 2nd Ave. in the city’s downtown.