Investment
1776 On The Green Trades for $33M
Vision Real Estate purchased 1776 On The Green from Deutsche Asset Management in a $33 million transaction and plans on modernizing the office building.
Santa Clarita Shopping Center Trades for $70M
The 153,686-square-foot center, which is 95 percent occupied, traded in an off-market transaction brokered by Colliers International.
Institutional Investors Upbeat About CRE, but Cut Commitments Anyway
A report based on the latest survey by Institutional Real Estate Inc. and Kingsley Associates indicates that U.S. players plan to commit $62 billion in commercial real estate this year.
Crown Realty Dives into Hot Toronto Market
The firm acquired a 252,000-square-foot office building on behalf of its third fund, Crown Realty III LP, and other co-investors.
Houston Retail Center Trades with Help from HFF
The company secured a $38.2 million loan for the 410,121-square-foot retail center on behalf of the new owner, while at the same time representing the seller in the transaction.
Starwood Capital to Acquire Austin’s Forestar Group
The Forestar board unanimously approved the $605 million merger, which is expected to close in the third quarter of 2017. The firm has been reducing its debt and exiting non-core assets for the last 18 months.
Boston’s Center Plaza Commands $365M
Synergy Investments and GreenOak Real Estate are the new owners of the 741,200-square-foot office and retail property, which comprises three interconnected buildings near Boston City Hall.
Philly-Area Offices Trade for $13.2M
A partnership of Red River, Advalurem Group and Lincoln Property Co. acquired a Bucks County office property in a deal arranged by CBRE.
Biewer Lumber Opens $85M Sawmill in Southern US
Roughly 125 workers will be employed at the new facility in Newton, Miss. Biewer Lumber currently operates four sawmills in the Midwest as well as three lumber/distribution centers.
Toyota to Invest Record $1.3B in Kentucky Plant
The revamped 7.5 million-square-foot facility, which ranks as the automaker’s largest factory in the world, will further boost the region’s industrial market.