Investment
Amazon to Invest $5B in 2nd North America HQ
The Seattle-based e-commerce giant opened the request for proposals, giving metros with a million-plus population—and other qualifications—the opportunity to submit their bids for the mega project until Oct. 19, 2017.
HCP Snags Indianapolis Coca-Cola Bottling Plant
The company is planning to transform the 12-acre site into a $260 million mixed-use Bottleworks District development. The project will be completed in five phases, over a period of seven to 10 years.
Suburban Atlanta Office Park Commands $14M
CBRE’s Tony Swann and Craig Taylor represented the seller in the transaction, while Mariano Perez of Grandbridge Real Estate Capital arranged the acquisition financing on behalf of the buyer/borrower.
WPT Industrial Expands to PA
The REIT is in the process of acquiring a 936,000-square-foot Class A property in the Lehigh Valley, the distribution corridor to New York, Philadelphia and D.C.
Downtown San Diego Tower Trades for $110M
Rockwood Capital is the new owner of 600 B St., a 24-story, 360,000-square-foot Class A office high-rise that covers one city block in the downtown area.
Suburban Philly MOB Campus Hits the Market
HFF is representing Franklin Realty Development in the sale of Norriton Medical Center, a four-building medical portfolio in East Norriton, Pa.
Institutional Update: New Life
Life insurance companies, long active in commercial real estate investment, have been stepping up their involvement.
Specialty REIT Has the FBI on its Most Wanted List
With the acquisition of the Salt Lake City regional headquarters, Easterly Government Properties has become the nation’s largest private owner of FBI field offices.
DivcoWest’s Fifth Fund Exceeds $1.5B Target
The value-add investment vehicle, which targets office and R&D properties in markets with high barriers to entry, closed on a high note, becoming the company’s largest fund ever.
Storage Post Expands Florida Footprint
The company continues its self-storage space buying spree, making its ninth purchase in the state in the heart of Miami’s Little Havana neighborhood. According to public records, the seller was an entity affiliated with former Dubble Bubble candy executive Bruce Weiner.