Investment
Why Columbus Is Attracting Data Centers
According to the latest CBRE report on data centers, Columbus has evolved from a location of choice of many corporate enterprise data centers to one of the world’s top locations for internet cloud operations. Doug Godard, senior vice president of CBRE Data Center Solutions, expands on how the metro managed to get on investors’ radar in the past 10 years.
$58M Sourced to Refi South Florida Retail Portfolio
MMG Equity tapped HFF to find the lender, a life company, for a nine-property portfolio. The properties are located in urban infill areas in what reportedly are some of South Florida’s densest retail submarkets.
Brennan Nabs 1.2 MSF Philly-Area Industrial Portfolio
The collection of 26 light-industrial buildings, located in Moorestown and Burlington, N.J., had belonged to Mack-Cali Realty Corp. and were purchased without mortgage financing.
Office Tower Commands $82M in Downtown Ft. Lauderdale
The 21-story building known as 200 West Broward recently underwent a $5.7 million capital improvement program including a lobby renovation in 2016.
Economy Watch: CRE Values Slide Again, Ten-X Reports
Prices slipped for the sixth consecutive month in October. A buyer-seller disconnect, investor uncertainty and expectations of interest rate hikes may be contributing.
CBRE Closes Sale of Charlotte Business Park
The new owner plans to invest in multiple upgrades to the five-building property, including rebranding it as Oakhurst Commerce Centre.
Terreno Picks Up Miami Industrial Facility
The fully leased distribution facility sits on a 3.3-acre site and provides dock-high and grade-level loading positions, as well as parking for 49 cars.
Japanese Manufacturer to Build 1 MSF Hub in KC Area
Kubota Tractor Corp. plans to locate its North American distribution hub on 203 acres near the company’s current leased facility in Edgerton, Kan.
HFF Brokers Suburban LA Shopping Center Sale
Located in Burbank, the 165,500-square-foot Plaza Del Sol’s unique mix of property types, full tenant roster and desirable ethnic grocery anchor proved a strong draw for investors.
Dermody Snags Seattle-Area Industrial Complex
The firm acquired the three-building property as well as 18 acres on which an additional warehouse will be built. Meridian Campus Corporate Park’s location is considered ideal for expedient distribution to the Northwest’s major population centers.