Investment
Forest City JV Buys $300M Stake in Cambridge Assets
The properties include 486,000 square feet of predominantly life sciences office space, in addition to a parking facility and commercial space.
JPA Management Sells Maine Shopping Center
Falmouth Shopping Center is currently 89 percent leased to anchor-tenant Shaw’s Supermarket, as well as Goodwill, Bank of America, Ocean State Job Lot and Sullivan Tire.
Black Creek Group Nabs Houston Industrial Campus
The company has purchased three warehouses totaling 351,960 square feet in Stafford, Texas, from a joint venture led by Crow Holdings Industrial.
CBRE Buys Portland Office
NKF Capital Markets’ team has arranged the sale of Towne Storage, a historic warehouse building in Oregon. The office building is fully leased to Autodesk Inc.
$125M San Diego-Area MOB Changes Hands
Preston Hollow Capital was the sole investor in the financing, which will be used for both improvements and refinancing purposes.
Tax Changes Hike Investor Optimism
The latest investor sentiment survey conducted by Marcus & Millichap highlights the benefits of the law’s new provisions, as well as what it left in place, and the upsides for multiple asset categories.
Prologis Snaps Up OC Industrial Property for $55M
CBRE’s National Partners West Coast team represented Institutional Advisor, the seller of the 307,781-square-foot warehouse and distribution building at 50 Icon in Foothill Ranch, Calif.
Atlantic Hotels Picks Up 2 DFW-Area Assets
An HFF team led by Pete Fehlman secured more than $20 million in acquisition financing for the 190-key hospitality portfolio.
Global Medical Buys $64M MOB Portfolio in Ohio
Marietta Memorial Hospital—a division of the Memorial Health System, a Fitch BB-rated health structure—currently leases four assets.
Investcorp Sheds Long Island Office Complex
The assets sit in a highly transit-oriented area and, at 141,000 square feet, encompass the largest office campus in downtown Rockville Center, N.Y.