Investment
Lincoln Park Plaza Finds New Owner
The shopping center is mostly vacant, but the new owner plans to reposition the 176,000-square-foot property. Friedman Integrated’s Rich Deptula represented both the seller and the buyer in this transaction.
Monmouth Lands 220 KSF Akron-Area Facility
The REIT acquired an industrial building in Stow, Ohio, for $19.5 million. The property is net-leased to a prominent racing tire maker.
Majestic Realty Buys 228-Acre Wisconsin Development Site
With the assistance of Transwestern, Rime Investments sold the property, located halfway between Chicago and Milwaukee. The land can accommodate as much as 2 million square feet of industrial development.
Moody Closes National REITs Merger
Worth more than $450 million, the combined portfolio now includes 14 hotel properties with premier brands, most of which are located in Texas.
GLRE Summit Report: Omnichannel Retailers Poised to Outperform Peers
Industry stalwarts discussed the need to rethink retail investment at EisnerAmper and iGlobal Forum’s Global Leaders in Real Estate Summit, dispelling myths about the rapidly changing sector.
Costa Rica Office Park Commands $127M
Tim Gifford, managing director of CBRE Capital Advisors, Latin America, represented the seller in the disposition of the four-building asset.
DLA Piper Special Report: Deal Making in Uncertain Times
Following a surge in transaction volume last year, sellers are now hesitant. Some are looking for 2015 pricing in 2017, which buyers don’t want to offer.
Siemens Pumps $20M in Chicago R&D Hub
Dubbed The Siemens Building Technologies CPS Software House, the building will operate as a global software development competence center. The facility is scheduled to open in early October 2017.
düber Secures $50M Funding for 15 Cannabis Distribution Centers
The company signed an agreement with Vacone Real Estate to acquire, fit out and master lease the properties, which total 400,000 square feet.
GLRE Summit Report: Real Estate Industry Facing Structural Changes
Technological disruption, changing consumer behavior and political uncertainty are just a few of the factors affecting the way industry participants are making investment decisions, according to panelists at EisnerAmper and iGlobal Forum’s Global Leaders in Real Estate Summit.