Investment
Westcore Sells Inland Empire Industrial Asset
DHL purchased Cajon Distribution Center in San Bernardino, Calif., only a year after Westcore acquired the 830,750-square-foot property from Black Creek Group.
Vornado Secures $120M for Manhattan Retail Property
The REIT will use the financing, provided by Wells Fargo Bank, to replace an existing loan on the 206,000-square-foot property at 4 Union Square South.
Lincoln Property Snaps Up Seattle Creative Office Asset
LBA Realty sold 501 Eastlake, a five-story, multi-tenant building in the city’s South Lake Union district, for about $59 million.
TriGate Capital, RSP Partners Trade Phoenix Retail Center
The Niki Group purchased the shopping center in a $26 million transaction handled by CBRE. LA Fitness anchors the 150,000-square-foot asset.
What’s Driving Suburban Office Investment in Chicago?
While CBD in-migration continues to drive office demand in the Windy City and throughout the country, a resurgence is starting to occur in some of the city’s submarkets, explains Transwestern Senior Vice President Zach Fox.
NexGen Acquires CO MOB
Transwestern has brokered the sale of EastRidge, a 23,119-square-foot medical office building in Highlands Ranch, Colo., for roughly $5 million.
Group RMC Lands $63M for Chicago Office Purchase
JLL Capital Markets arranged the loan through Morgan Stanley, to facilitate the company’s acquisition of a three-building Class A campus in the metro’s East-West corridor.
Nicola Crosby Buys $50M Houston Office Building
HFF worked on behalf of the buyer to arrange a seven-year, 4.6 percent fixed-rate acquisition loan for its purchase of Westgate I, a four-story, 249,00-square-foot asset.
JOSS Realty Snags $30M VA Office Building
Cushman & Wakefield represented the seller, Finmarc Management, in the disposition of the Offices at Waterfront Center. The property is anchored by Sport & Health, a full-service fitness and health club.
Cress Continues Western US Shopping Spree
With the $89.5 million purchase of a five-building Class A office portfolio in Cerritos, the Newport Beach-based company has made its fourth significant acquisition in the past 18 months.