Investment
CRG to Develop Former Intel Campus Near Seattle
With the recent purchase of the Seattle-area property, CRG will develop a two-phase, 1.6 million-square-foot institutional-quality business park on the site of a former Intel campus.
Working Around the Tax Bill, Other 2018 Hacks
Financial and business advisor Ray Sturm penciled out the real estate environment for 2018, in light of the revised tax legislation, budget cuts and challenges in affordable housing development.
China-Based Investor Buys Retail in Colton, CA
Evergreen Devco has sold the newly constructed asset for $8.9 million. The sale closed with market-leading pricing for the Colton submarket, at a 5.5 percent cap rate.
Skanska Invests $58M in Poland Office Project
Offering 196,979 square feet across 16 stories, construction of Generation Park’s phase two began in December 2017 and is slated for completion in the the third quarter of 2019.
Entertainment Venue Opens at $350M AL Mixed-Use Development
Topgolf is the first tenant of the nation’s fourth largest commercial project underway. RCP Cos. is building MidCity in Huntsville, Ala.
GBT Realty Lands 3rd Shopping Center in 6 Months
The company’s Capital Holdings division purchased Overlook Village, a 153,820-square-foot commercial property in Asheville, N.C. KIMCO Realty sold the asset for $25.5 million.
PCCP, Capital Partners Acquire Minnesota Industrial Portfolio
The portfolio consists of properties located within infill locations near freeways throughout the metro. The buildings are a mix of bulk warehouse, light industrial and flex product types.
CapitaLand Sells $1.3B Mall Portfolio in China
The Singapore-based real estate company will sell the collection, which totals roughly 8.6 million square feet, to China Vanke Co. The transaction is expected to close later this year.
NKF Arranges Sale of Best-in-Class MA Asset
Middlesex Marketplace is a best-in-class retail property situated along an important retail corridor in the western suburbs of Boston, comprising nearly 40,000 square feet.
Direct Connect Logistix Expands Indianapolis HQ
The expansion project started in 2016 and cost the company more than $2 million including several upgrades. The new office encompasses 14,000 square feet.