Investment
Transwestern, JDM Partners Buy 2 MSF Tempe Office
The partnership acquired the five-building Marina Heights campus from State Farm Automobile Insurance Co. in a sale-leaseback deal valued at $928 million, which could mark the largest-ever CRE sale in metro Phoenix.
Chicago-Area Self-Storage Facility Changes Hands
Marcus & Millichap marketed the 44,000-square-foot facility located in Romeoville on behalf of a private investor, representing the buyer as well.
Pharma Manufacturer to Inject $145M in Columbus Plants
PharmaForce will add approximately 140,000 square feet to its New Albany plant. The company will remodel and add 1,800 square feet to another facility in Hilliard.
Mohr Capital Picks Up Charlotte Office Asset
The new owner plans to rebrand the property as “University Highlands.” Colliers Partner Brad Grow will handle leasing and CBRE will provide property management services.
Red Hill Ventures to Enliven Charlotte Landmark
The company acquired the property back in September from Sterling Global. The asset encompasses 142,212 square feet of ground-level retail and 40,150 square feet of office space.
RCG Ventures Nabs 471 KSF Idaho Retail Center
Nampa Gateway Center is situated on 78.8 acres along Interstate 84 at Garrity Boulevard, with a traffic count of roughly 112,600 vehicles per day.
San Jose Office Tower Lands $200M
NKF Capital Markets arranged the acquisition financing on behalf of Lane Partners for HQ@first, a 603,666-square-foot, three-property creative office tower.
M&T Bank Sells Pair of NJ Office Assets
The assets total 92,000 square feet and previously changed hands when M&T Bank purchased them through the acquisition of Hudson City Savings Bank in 2015.
Microsoft’s New SV Campus Aims for Maximum Green
The major facility now under construction could be the first tech campus to achieve net zero, non-potable water use. Moreover, the buildings will be designed to meet LEED Platinum certification and will feature solar panels, a “living” roof and more.
Refi Replay: A Buyer’s Market Looms for 2018
If you liked refinancing in 2017, you’ll probably love 2018. Next year is likely to feature low interest rates, generous interest-only periods and compressed spreads.