Investment
Rising Sea Level and RE: How Serious Is its Impact on CA’s Coastline?
Drawing on a full-service land use and real estate development practice, Cox, Castle & Nicholson Partner Stanley Lamport talked to CPE about the impact of accelerated sea level rise and global warming on California’s real estate industry.
JV Nabs Suburban Boston Office/Flex Campus
The six-building Brookwood Business Center is located in Tewksbury and Billerica, Mass., and previously traded in 2010, when Brookwood Financial Partners acquired it through foreclosure for $15 million.
Mack-Cali Unveils $50M NJ Capital Improvement Initiative
The REIT plans to renovate building exteriors, install state-of-the-art amenities and modernize common areas throughout its portfolio of properties in Parsippany, Short Hills, Metro Park and Red Bank, N.J.
Harbor, Goldman Sachs Close Denver Off-Market Transaction
The deal represents the ninth value-add office acquisition for Harbor in the last two years and is the firm’s first building in the Denver market.
Hunter Hotels Brokers Sale of AR Hotels
The company facilitated the sale of the 78-key TownePlace Suites by Marriott and the 130-key Candlewood Suites Rogers in Bentonville. Investra Capital Inc. purchased the two assets.
BlackRock Sells LA Office
Eastdil Secured represented the seller of Pacific Corporate Towers, a three-tower office building in El Segundo, Calif., which an institutional investor purchased.
CBRE Arranges Sale of Caribbean Resorts
DLJ Real Estate Capital Partners sold the assets to Wind Creek Hospitality, the principal gaming and hospitality enterprise of the Poarch Band of Creek Indians, Alabama’s only federally recognized tribal entity.
Bridge Lands 243 KSF Dallas-Area Tower
Tower 1320 is a 10-story office building in the Las Colinas submarket of Irving, Texas. CBRE worked on behalf of Arden Group, the seller, in this transaction.
Economy Watch: Industrial Assets Attract Offshore Investment
The asset type has attracted nearly $61 billion in cross-border investment into the U.S., according to a recent CBRE report.
PacSun Global HQ Building Changes Ownership
The 181,000-square-foot, build-to-suit office building will continue to serve as global headquarters for Pacific Sunwear. This is Hines and Oaktree’s ninth acquisition in the North Orange County submarket.