Investment
Yardi Matrix: L.A.’s Live
Despite only moderate growth in some of its major industries and a declining middle class, Los Angeles experienced among the best rent growth in the country last year.
D.C. Office Building Commands $180M
Investcorp partnered with ScanlanKemperBard on the acquisition of a luxury office building in Washington, D.C.
Consol Energy Sells Virginia Mine and Coal Reserves to Coronado IV
Consol Energy sold its metallurgical mine in Buchanan, Va., and a number of its coal reserves to Coronado IV for $420 million.
American Realty Advisors Buys 700 KSF Amazon Building in Central Pennsylvania
An Amazon fulfillment center developed by Dermody Properties and PCCP in one of the state’s key distribution markets changed hands for $62.4 million.
Brennan Acquires Austin Industrial Facility for Redevelopment
Brennan Investment Group recently expanded its Lone Star State industrial portfolio to include 28 assets.
CBRE Capital Markets Arranges Sale of Two-Building Office Portfolio
Two Austin office buildings changed hands through CBRE Capital Markets.
Cushman & Wakefield Facilitates $299M Sale of N.J. Office Assets
Gramercy Property Trust sold two Jersey City, N.J., office buildings to Spear Street Capital for a whopping $299 million.
Sovran Buys Recently Completed Self-Storage Development in Miami
In an $11 million deal, Sovran Self Storage acquired a newly-built 99,000-square-foot facility in North Miami.
Major Renovations in Plan for Towson, Md. Shopping Plaza
Greenberg Gibbons is ready to break ground on a $20 million makeover of The Shops at Kenilworth in affluent Towson, Md., on Baltimore’s north Beltway.
Pechanga Resort and Casino Awarded $285M Expansion
The Pechanga Development Corp. chose its longtime development partner Tutor Perini for the $285 million upgrade of the California resort and casino.