News
Trump Bump Gone, Optimism Still Prevails: RCLCO Survey
Almost two-thirds of respondents think the coming downturn won’t begin until 2019, while about a quarter believe it will be next year.
Hines Acquires 650 KSF Berlin Office Campus
The buyer acted on behalf of a Korean real estate fund managed by Vestas. The three-building Allianz Campus is slated for completion by the end of 2018.
Douglas Emmett, QIA Buy $177M Beverly Hills Asset
The 10-story office building is 85 percent leased to a tenant roster including Wells Fargo, Sotheby’s, Morgan Stanley and Longo Law Group.
Vestar Buys North Dallas Retail Center
StreetLevel Investments sold Twin Creeks Marketplace in Allen, Texas, to Vestar. The 43,134-square-foot, grocery-anchored neighborhood center was fully leased at the time of sale.
Simone Forays Into NJ with MOB Buy
The company plans to reposition the 62,000-square-foot property in Hackensack, which was 52 percent occupied at the time of the transaction.
CBRE Secures $27M Loan for Minneapolis Hotel
The developer plans to build in downtown Minneapolis as part of a block of development that includes an apartment tower, brewery and its own new headquarters.
WPG to Revamp Indiana Mall
Washington Prime Group intends to spend $17 million on the transformation of Markland Mall into a hybrid shopping center, which incorporates both enclosed and open air spaces.
Mark IV Expands La Frontera Office Campus
The new building will be adjacent to the 87,186-square-foot Summit I, purchased by Mark IV in 2013 from Moore & Associates. The asset is the largest office building under construction in the Austin submarket.
German Automotive Supplier to Invest $69M in SC Plant
IFA will build a 234,000-square-foot manufacturing facility in Summerville, S.C. The company intends to create more than 120 jobs in the coming years.
AmbioPharm Invests in $18M Expansion
The biopharmaceutical manufacturer will create 100 jobs to accommodate growth in Aiken County, S.C. The expansion project will add 50,000 square feet to the company’s existing facility.