Investment
Elit Breaks Ground on Miami-Area Retail Development
The 45,000-square-foot plaza already has two tenants on the roster and is set to feature a plethora of other businesses upon its completion next year.
KBS Sells Portion of San Jose Office Campus
The company continues to own five of eight buildings at the former Corporate Technology Centre in Newport Beach, Calif., which it plans to rebrand as District | 237.
Kimco Sells San Diego-Area Retail Center
NKF Capital Markets orchestrated the disposition of Broadway Plaza in Chula Vista, Calif., on the REIT’s behalf, securing Protea Properties as the buyer of the 356,300-square-foot asset.
Newcastle Partners Sells Silicon Valley Office Campus
NKF Capital Markets arranged the disposition of Great America Place, a 224,522-square-foot complex in Santa Clara, Calif., that dates back to the 1980s.
Skanska Sells Helsinki Office Building for $62M
Senate Properties is the new owner of K6, a 129,166-square-foot project going up in Finland’s capital city. The property has an anticipated move-in date of late 2019.
CBRE Global Investors Snags $222M Charlotte Office Tower
The 615 S. College high-rise is currently 84 percent leased and offers two-story balconies, 10-foot ceiling heights and a 1,456-space parking garage.
On the Market: 5 Interesting Listings for June
This month’s listings include a boutique resort surrounded by tropical gardens in West Palm Beach, Fla.; an inexpensive, historic multifamily building in Ohio; and a former fire house in Fulton Market, Chicago.
NV Energy Bets Big on Solar in Nevada
Las Vegas-based NV Energy is planning to build more than 1 gigawatt of solar and 100 megawatts of battery storage.
Bentall Kennedy Grabs NJ Shopping Center
Kearny Square totals well more than 100,000 square feet and includes a diverse roster of tenants, the largest being BJ’s Wholesale Club.
Somerset Properties JV Sells 5-Building NC Industrial Portfolio
HFF represented the sellers in the disposition of Airport Distribution Center in Greensboro, which traded for a little over $32 million.