Investment
All Aboard! How South FL’s New Rail Line is Driving Development
The nation’s first new private rail service in a century starts early next year, and investment is on a roll. Greater Fort Lauderdale Alliance CEO Bob Swindell talks with CPE about the impact of Brightline.
Citimark Snags 332KSF Tampa Industrial Portfolio
HFF arranged the acquisition financing for the two-campus infill portfolio comprising Pioneer Industrial Park and Sunstate Industrial Park through JP Morgan Asset Management.
Morning Calm Closes Suburban DC Office Value-Add Deal
The nearly 300,000-square-foot park is less than half occupied, but its immediate environs look to be on the verge of a boom.
Unibail-Rodamco to Acquire Westfield in $16B Deal
Expected to close in the second quarter of 2018, the transaction would create a global company with a gross market value of $72.2 billion and 104 assets in many of the world’s most attractive retail markets.
San Jose Office Portfolio Changes Hands for $128M
The portfolio includes two office towers totaling 411,544 square feet in downtown San Jose. A joint venture between Harvest Properties and Invesco sold the assets.
Compass Self Storage Buys Atlanta-Area Facility
The 58,000-square-foot facility, which is located in Snellville, Ga., marks the 11th Compass Self Storage facility in the greater Atlanta market.
43 KSF Mixed-Use Cambridge Asset Changes Hands
Boston Residential Group sold 1280 Massachusetts Ave.—a five-story, 43,120-square-foot office and retail building near Harvard University—to Intercontinental Real Estate Corp.
Stream Completes Dallas Office Tower Renovation
The 24-story, 549,000-square-foot Pinnacle Tower underwent both interior and exterior renovations, including upgrades to the lobby and the addition of tenant amenity spaces.
Local Investor Grabs 140 KSF NJ Office Asset
Highstone Equity Group has retained Avison Young to continue leasing the available space at its recently purchased property in Ramsey, N.J.
Endurance JV Acquires PA Industrial Portfolio
Endurance Real Estate Group LLC and Thackeray Partners team on the purchase of Penn Warner Industrial Park, located in Fairless Hills, expanding industrial holdings in Pennsylvania.