Investment
Noranda Bauxite & Alumina to Invest $35M in Louisiana Facility
In addition to expanding and upgrading the alumina refinery, the company also indicated that it will be moving its corporate headquarters to the Gramercy plant.
Historic Boston CBD Asset Trades for $75M
The 179,872-square-foot office asset last traded four years ago. The value of the property increased by more than 45 percent since then.
Jernigan Capital Invests in Tampa Self-Storage Project
The facility will be located in an area of the metro with significant population growth and will be completed by the end of the second quarter of 2018.
Facebook Seattle HQ Commands $286M
Tristar Capital and RFR Holding have partnered to acquire Dexter Station, a 10-story, Class A office building in the city’s South Lake Union neighborhood.
Phillips Edison REIT to Acquire $1B in Sponsor Assets
The combined company, which is expected to reach a total enterprise value of $4 billion, will own 230 shopping centers in 32 states.
JLL Closes Tampa Industrial Sale
The sale comes just after a lease JLL secured at the property brought the state-of-the-art, cross-dock facility to full occupancy.
Slate to Acquire $53M NC Retail Asset
The owner and operator of U.S. grocery-anchored real estate inked a binding agreement to purchase Mooresville Consumer Square, a 579,391-square-foot retail property in Iredell County.
National Fitness Partners Doubles NC Footprint
GNT Holdings sold 12 Planet Fitness clubs operating in Charlotte to National Fitness Partners, which is backed by Argonne Capital Group.
$325M San Diego Mixed-Use Project Underway
A joint venture affiliated with Hammer Ventures recently acquired a former post office property in the city’s Point Loma/Midway district, which it plans to develop into a mixed-use project tentatively called The Point.
NAIOP Index Tips Upward for First Time in 2 Years
The semi-annual survey indicates that CRE players are optimistic about the conditions of the real estate market, especially when it comes to employment growth and occupancy rates for new projects.