Investment
Miami-Area Shopping Complex Fetches $12M
Walmart is the anchor tenant of the 2016-built Palmetto Design Plaza and has 17 years remaining on its lease with 16 five-year options.
PCCP Shells Out $127M for Miami CBD Office Tower
CBRE facilitated the disposition of SunTrust International Center on behalf of seller Crocker Partners, while Invesco Real Estate provided acquisition financing.
JV Buys 2 California Office Buildings for $37M
The acquisition is part of Harbor Associates’ and Bascom Group’s $500 million investment plan throughout the Western U.S., over the next two years.
Amazon’s Challenge to Institutional Real Estate
Amazon’s top picks for its second headquarters are showing real estate investors how they can find value in select non-gateway markets, argue CenterSquare Invesment Management’s Scott Crowe and Uma Pattarkine.
NYU’s Sam Chandan on the Changing Real Estate Capital Markets
The associate dean of the NYU Schack Institute of Real Estate discusses how economic and policy changes are impacting the real estate capital markets, the potential for a next recession and the risks investors should consider going forward.
Mixed-Use Brooklyn Asset Changes Hands for $12M
CW Realty purchased the asset in Brooklyn’s Bushwick neighborhood. The site consists of two tax lots that offer roughly 44,000 square feet of buildable area.
Meritex Grabs Charlotte Industrial Asset
The new owner plans to begin a capital improvement program to reposition the vacant building in the city’s Airport/West submarket.
Terreno Expands WA Portfolio With $6M Industrial Buy
The property is located a 20-minute drive south of downtown Seattle. The asset comprises a distribution facility and 42 parking spaces.
CRG Sells GA Industrial Asset for $57M
Griffin Capital picked up the recently completed 1 million-square-foot cross-dock facility, which was a build-to-suit project for Shaw Industries Group.
LA-Area Retail Property Receives $8M Loan
The two-story building is located in the Platinum Triangle area of Beverly Hills and will temporarily host Madeo restaurant, a hotspot for celebrities.