News
Outbox Self Storage Expands Portfolio in SC, NC
The company purchased a 100,000-rentable-square-foot facility in Mooresville, N.C., and plans to open a 564-unit development in South Carolina in spring.
ASB Fund Sells DC Trophy Building for $144M
Masaveu Real Estate US, an affiliate of internationally diversified Spanish conglomerate Corporacion Masaveu S.A., is the new owner of the 900 G St., N.W., office property in the city’s East End.
Large-Scale Industrial Project Breaks Ground in Phoenix
Irwin G. Pasternack AIA + Associates celebrated the start of construction for TEN Distribution Center 1, which is part of a planned $300 million, 3.6 million-square-foot industrial park.
Prologis, Norges Buy 1, Sell More
The joint venture partners wrapped up the acquisition of a San Francisco-area industrial property and the disposition of a 3.1 million-square-foot national logistics portfolio, which was picked up by a Blackstone affiliate. Together, the transactions involved a total of $310 million.
The ‘Coming of Age’ for Self-Storage
The property type has gone through significant changes over the last decade, gaining more access to capital and attraction from investors, notes a new report from Newmark Knight Frank’s Self-Storage Group.
Donahue Schriber Nabs San Francisco Retail Asset
The acquisition of the property, which serves three of the city’s neighborhoods, was funded by a mortgage held by TIAA.
NAI Tapped to Lease, Manage 4 Houston Office Assets
The buildings, which include approximately 200,000 square feet of suburban office space, sit next to a retail center and are accessible via Interstate 69.
Drake, Flagship Sells VA Medical Office Asset
The 72,255-square-foot, Class A medical office building was completed in 2008 and purchased by the previous owners in 2014 as a value-add opportunity.
Retail Real Estate Trends in 2018
Bob Smietana, CEO of HSA Commercial Real Estate, discusses the rapid changes in retail real estate and shopping center development, as the industry responds to changing demographics and the impact of e-commerce.
BLT Enterprises Inks 3 SoCal Leases
Enterprise Rent-a-Car, NN Inc. and United Rentals Realty have signed industrial leases totaling more than 100,000 square feet in Irvine and Santa Monica.