Investment
New JV to Build 120 KSF CA Self-Storage Facility
A joint venture of Miami City Self Storage and Cypress Equity Investments will develop its first facility in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.
KBS REIT Sells $804M Portfolio to New Singaporean REIT
The 3.2 million-square-foot buy is part of the newly formed REIT’s plan to focus on office real estate in key U.S. growth markets.
On the Market: 5 Interesting Listings for November
This month’s listings include a historic Massachusetts multifamily asset built in 1895 and a recently renovated office/loft space in Birmingham, Ala.
HFF Arranges $27M MOB Portfolio Recap
The company acted on behalf of both borrower Catalyst HRE and investor Charter Realty Group. 100 percent leased, the portfolio comprises six medical office buildings totaling 68,000 square feet in FL and NC.
Griffin Closes Nashville’s Top 2017 Office Deal
An entity owned by Syed Shamim of Bahrain bought the 530,000-square-foot One Century Place. Transwestern will continue as property manager of the Class A building.
SteelWave, Invesco Grab LA Times Facility in SoCal
The joint venture plans to redevelop the former printing plant/office property into a creative office destination featuring a high-end public market.
CREC Arranges $13M Sunrise Retail Sale
CREC Vice President Andrew Remick and Aztec Group Managing Director Peter Mekras worked on behalf of seller CPAC in the transaction.
Dutch CRE Market Grows Increasingly Vibrant
Investment activity for the first three quarters of this year is up 5.6 percent over last year. The country is benefiting from the migration of companies from the U.K. ahead of Brexit, according to law firm Greenberg Traurig, which assisted with two major deals in the Netherlands earlier this year.
NH Hotel Group Lands $3B Merger Bid
The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.
C&W Tapped to Lease NJ Office Portfolio
Onyx Equities and Garrison Investments appointed the firm as leasing manager for a recently purchased four-building office portfolio located in Bergen County, N.J.