Investment
Retail Supplier Launches First US Operation in SC
Sumter Easy Home will invest $37 million in a manufacturing facility in Sumter County. The 104,000-square-foot development is projected to create at least 88 new jobs.
Hines Nabs Sacramento Office Tower in $120M Deal
The transaction included not just the Kaplan McLaughlin Diaz-designed downtown building, but the attached 800-space parking structure and the 350-space parking facility as well.
Belay Investment JV Bets $70M on Portland
Belay Investment Group and L&L Investment Partners plan to purchase and reposition Portland office, multifamily and mixed-use properties. As its first investment, the JV acquired an asset comprising two 1940s-era warehouses in the city’s Guild’s Lake submarket.
NorthMarq Capital Buys SLC Mortgage Banking Firm
The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq’s 37th office.
Square Mile Capital Makes Executive Changes
Craig Solomon, who co-founded the company back in 2006, will be responsible for managing all aspects of the firm’s business and investment activities.
SG Property Services Buys Greater-Atlanta MOBs
Physician owners represented by CBRE and Colliers sold the two properties totaling 55,664 square feet for a combined $11.9 million.
JLL Arranges Sale-Leaseback of Austin Health Facility
STORE Capital has purchased an 18,313-square-foot rehabilitation facility from Mentis Neuro Health, which will lease back the property for a 15-year term.
Alphapointe Buys Warehouse, Relocates to Queens
The non-profit organization purchased a 138,000-square-foot brick warehouse in the borough’s Richmond Hill neighborhood. The property will serve as its administrative offices, manufacturing and distribution facility, and call center.
NAI Capital Welcomes LA Executive VP
Joseph Gabbaian specializes in sales, acquisitions and leasing of investment, user and redevelopment properties with a special emphasis on West Los Angeles and Santa Monica.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.