News
Prologis Inks 10 Leases at NJ Office/Flex Facility
The transactions encompass seven office leases totaling 31,725 square feet and three industrial leases counting 12,020 square feet. Tenants include Panalpina Inc., Hexim Pharmaceuticals and Public Service Enterprise Group.
Monmouth Grabs $38M Miami-Area FedEx Distribution Center
The newly constructed Class A facility is located in Homestead, at the intersection of SW 127th Avenue and SW 272nd Street.
CBRE Arranges Long Beach MOB Sale
The 26,293-square-foot property changed hands for $6.5 million and was 91 percent occupied at the time of the transaction by a variety of tenants.
Oxford Properties JV Nabs Pair of DC Trophy Buildings
The Canadian company partnered with Norges Bank Real Estate Management for the acquisition of the Class A properties. The assets add up to more than 500,000 square feet of core office space.
Harrison Street Opportunistic Fund Raises $1.1B
Fund VI—which will focus on education, health care and storage assets—surpassed its $850 million target by a long shot, with contributions from more than 65 institutional investors.
Czech Company to Build First Plant in the US
The new $20 million factory will be used for manufacturing, warehousing and storage purposes. Twenty new jobs will be created, including positions in engineering, management and production.
Ventas Exits SNF Business With $700M Sale
The company has reaffirmed its decision to sell 36 skilled nursing facilities to an affiliate of Blue Mountain Capital Management.
Canadian Fund to Buy Houston REIT in $1.2B Deal
CPPIB will be acquiring Parkway Inc., which has a strong local presence, with an office portfolio of about 8.7 million square feet across 19 properties.
Terreno Acquires NJ Industrial Asset for $16M
The property is in close proximity to Newark Liberty International Airport and Newark Port and was vacant at the time of the transaction.
Miami-Area Retail Asset Trades in $9M Deal
Todd Weintraub led CBRE’s investment property group in representing both the seller and buyer. The multi-tenant asset has undergone several renovations in recent years.