News
Jacksonville Office Asset Trades in $23M Deal
CCP Commercial Real Estate purchased the property from DRA Advisors. The transaction benefitted from a $17.8 acquisition financing originated by NTX Capital LLC.
JLL Arranges Financing For Retail Centers in Austin Suburbs
The retail assets are 19,628-square-foot Elgin Village and 9,240-square-foot Cedar Breaks Center, fully occupied at the time of the deal.
Watumull Acquires Denver Office Campus for $18M
The company purchased Clear Creek Business Center from Etkin Johnson Real Estate Partners. The business park comprises eight, single-story buildings and is currently 95 percent occupied.
ACC San Gabriel Campus Tops Out
Austin Community College’s 100-acre project will be the district’s 12th campus and will feature the institution’s second ACCelerator learning center, a high-tech learning lab designed for individualized learning and small group sessions.
Economy Watch Weekly: Unemployment Rate Hits 20-Year Low
The U.S. economy experienced below-average job growth in May, adding only 138,000 jobs compared to the average of 181,000, according to the U.S. Census Bureau. However, the unemployment rate reached a new low of 4.3 percent for the month. Economy Editor Dees Stribling has the details on the latest jobs report.
Economy Watch: Fitch Report Optimistic About CRE
In its first annual U.S. Equity REITs Handbook, Fitch predicts continued positive property-level fundamentals across most asset classes in 2017. Industrial REITs and office REITs with properties in technology-focused markets should perform particularly well.
Xenia Sells 5-Hotel Portfolio for $163M
The properties, which total 812 guestrooms, are located in Fort Worth, Kansas City, Pittsburgh and Baltimore.
Bentall Kennedy Teams Up With Warba Bank
The partnership’s initial investment is a Class A, 280,000-square-foot office building in Milwaukee, which serves as the world headquarters for ManpowerGroup.
The Story Behind Boston’s Billion-Dollar Bulfinch Crossing
HYM Investment Group’s Thomas O’Brien opens up about the communities of tomorrow and the $1.5 billion project that brings daylight to the city’s Congress Street for the first time in 50 years.
Blackstone to Sell Logicor for $14B
Affiliates of China Investment Corp. have agreed to purchase the 147 million-square-foot logistics and distribution warehouse portfolio, which spreads across 17 European countries.