News
$3B Water Street Tampa Development Kicks Off This Fall
The upcoming 9 million-square-foot project will transform the downtown neighborhood, bringing new office, residential, retail, hospitality, cultural and public space over a 10-year build out.
AMD Global Buys, Renovates Houston Hospital
The development firm is the new owner of a four-decade-old health-care property, currently home to St. Joseph Medical Center in The Heights neighborhood.
Sacramento Sets the Pace
Although multifamily rent gains across the country have been decelerating in recent months, Sacramento continues to outperform. The average rent across the metro was up 9 percent year-over-year as of April.
Monmouth Lands 316 KSF Industrial Building in SC
The public equity REIT purchased the asset for $21.9 million. The building is net-leased to Autoneum North America Inc., a Delaware corporation.
Berkshire Hathaway Invests $377M in STORE Capital
STORE issued 18.6 million shares of company stock in a private placement to a wholly owned subsidiary of Berkshire at a price of $20.25 per share.
Westwood Financial Lands Sixth NC Shopping Center
The Arbors at Mallard Creek, a 55,323 square-foot retail asset in Charlotte, is the company’s most recent acquisition. CBRE represented both the seller and the buyer in the $25.1 million transaction.
Celebrating 30: The Rise of CMBS
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: The birth and rise of CMBS. Stay tuned for our weekly posts and follow along with us on social media using the hashtag #CPETurns30.
CBRE Arranges Greater LA Industrial 1031 Exchange
The three-building park in Norwalk, Calif. changed hands for $14.1 million and is 98 percent leased to a variety of tenants, including Ford Motors.
Medical Company Relocates HQ From NoVa to Baltimore
The company plans to invest $6.5 million in the Pigtown headquarters and research and development facility. The firm’s new base is owned by Bernstein Management.
On the Market: 5 Interesting Listings for June
This month’s listings include a waterfront restaurant in Florida and a rustic retail storefront with second-floor condos in New Mexico.