News
Boston-Area Retail Asset Changes Hands for $6M
Built in 1958, the fully occupied property is within a 40-minute drive north of downtown Boston and comprises 30,000 square feet.
Velocis, Katz Acquire MD Retail Center
Brandywine Crossing comprises roughly 231,000 square feet and is anchored by four major retailers. This purchase marks the firm’s fifth investment in the Washington, D.C., metro.
Baceline Investments Grows Retail Portfolio
The firm purchased four shopping centers located in Wisconsin, Texas, Tennessee and Utah, spending a total of $18 million on 131,000 square feet of leasable space.
Sun Life Offloads NC Office Portfolio
The transaction, valued at more than $30 million, includes approximately 223,000 square feet near Raleigh-Durham. The seven buildings in the deal will soon undergo renovation work.
TS Partners Lands $23M Loan for TX Office Park
Meridian Capital Group arranged the 10-year CMBS loan on behalf of the firm for Cedar Ridge Office Park in Southlake, which comprises 129,000 square feet.
Merit Hill Buys Texas Storage Facility
The company has expanded its portfolio with a 782-unit self-storage asset located in Baytown, a suburban city nearly 30 miles from downtown Houston.
ASB Real Estate Acquires Miami Industrial Facility
Terreno Realty Corp. sold the asset on behalf of the Allegiance Real Estate Fund, its $6.9 billion core vehicle. The building is 100 percent leased on a long-term basis to Synergy Custom Fixtures.
Economy Watch: Most Metro Areas See Declining Unemployment
Low unemployment isn’t just reflected in a national number. The vast majority of U.S. metros have low unemployment, according to the Bureau of Labor Statistics.
Patrinely-USAA JV Breaks Ground on Denver Office Tower
Block 162 will add 595,000 square feet of Class A accommodations to the Mile High City. The JV also has an office project underway in the Houston area.
Lamar Acquires 2 DFW Shopping Centers
The company teamed up with Real Capital Solutions to purchase Shops at Vista Ridge and Vista Ridge Plaza, totaling more than 290,000 square feet.