News
Devli Group Continues Acquisition Binge in NJ
The Hampshire Cos. sold the two-building flex industrial property located in Warren, N.J., in a sale brokered by Cushman & Wakefield.
Economy Watch: Construction Spending Up in 2017
During the first 11 months of 2017, construction spending nationwide amounted to $1.14 trillion, 4.2 percent more than for the same period in 2016, the U.S. Census Bureau reported.
NKF Adds New Tenant to Park Avenue Tower
Equity Office’s 360,000-square-foot Manhattan office tower has added The Raine Group to its tenant roster, which also includes the National Bank of Canada and Oak Hill Capital Management.
NY Health Care Center Receives $24M Financing
Greystone provided the HUD-insured loan for The Willows at Ramapo Rehabilitation and Nursing Center, the largest subacute community in Rockland County.
IRET Sells MOB Portfolio for $368M
The disposition of the approximately 1 million-square-foot, 25-property collection of medical office buildings marks the company’s final step toward its transformation into a pure-play multifamily REIT.
Washington REIT Buys One, Sells One in Metro DC
The REIT agreed to acquire an office building in Arlington, Va., and inked a letter of intent to sell another in Washington, D.C.
Mid-Rise LA Office Building Changes Hands
Curo Enterprises sold a 74,000-square-foot office property in North Hollywood, Calif., to Swift Real Estate Partners. The transaction was subject to an $18.8 million acquisition loan.
20 Sabra Health Care Facilities Command $103M
The assets are part of an original set of 35 properties marketed for sale. Sabra anticipates using the proceeds from the transaction to repay borrowings under its revolving credit facility.
Freedom Solar Signs Inland Empire Lease
Following the completion of extensive tenant improvement work, the company will move into its new space in March this year.
Hogan Real Estate Acquires Central KY Shopping Center
The 106,000-square-foot shopping center, home to a number of tenants including Dollar Tree, Liquor Barn and Olive Garden, sold for $13.3 million.