Investment
Duong Retail Closes Inland Empire Record Sale
The company closed escrow on a retail center in Riverside, Calif., and a Black Bear Diner in Chino, Calif., for a total of $9.9 million, at a record cap rate.
Inland Real Estate Closes Houston MOB Acquisitions
The company purchased two US Pain & Spine medical office buildings: the Houston Hospital for Specialized Surgery and the USPS Surgical Institute.
Perennial Ponders $1.2B Sale of Singapore Skyscraper
A group of investors led by Perennial Real Estate Holdings is contemplating the sale of the AXA Tower, the city’s sixth-tallest building located in the central business district.
HFF Closes Sale of 140 KSF Atlanta-Area Mall
The broker sold North Lake Square on behalf of GH Anderson & Co. VEREIT represented the buyer, a Cole Capital REIT.
Former NC Kmart Becomes 70 KSF Self-Storage Facility
Aston Properties made its first retail to self-storage conversion by transforming an old Kmart store in Monroe into a self-storage property that will be managed by Extra Space Storage.
Colliers Closes Sale of Florida Charter Schools
Executive Vice President & National Director Todd Noel and Senior Vice President Achikam Yogev worked on behalf of seller ESJ Capital Partners in the transaction.
Data Center Sector Driven by M&A, Cloud Demand
Construction rose by a whopping 43 percent in the first half of 2017, while industry consolidation powered a $13 billion surge in mergers and acquisitions, according to a new JLL report.
duETS Product Invites New Players to Real Estate Field
Global Index Group CEO Kelly Haughton discusses the launch of duETS, a synthetic investment product that provides investors with a new way to participate in the private real estate market.
Newark Dreams to Join Ranks of Destination Cities
As the Garden State’s largest city is looking to get into the revitalization game, cranes are returning to the skyline, with $1 billion of projects underway and another $4 billion in the pipeline.
PAC Lands SC Shopping Center
The corporation acquired Irmo Station in Columbia, S.C., through a subsidiary, using a $10.7 million mortgage loan. A Kroger grocery store anchors the 99,000-square-foot retail asset.