News
Philadelphia CVS Pharmacy Purchased in 1031 Exchange
A CVS Pharmacy located in the Holmesburg neighborhood in northeast Philadelphia has changed ownership in a tax deferred transaction brokered by Greysteel.
California REIT to Acquire $371M Worth of Assets from Mindful Storage
In a $371 million deal, Strategic Storage Trust II has agreed to purchase a portfolio of 27 facilities totaling more than 1.5 million square feet in North Carolina, Florida and Maryland.
Confluence Signs 40 KSF Lease for New Pittsburgh Global HQ
The company will be moving its headquarters to Nova Place, Faros Properties’ 1.5 million-square-foot office redevelopment project in Pittsburgh.
MSCI: Big Year for Global Property Funds
The latest IPD Global Quarterly Property Fund Index measured an increase to 13.5 percent in fourth quarter 2015, the highest since 2011.
LondonHouse Chicago Hotel Changes Hands in Sale-Leaseback Before Opening
The 452-key luxury hotel changed hands for $315 million, marking the highest per-room price ever paid for a Windy City hotel.
Rexford Industrial Realty Shells Out $191M for SoCal Portfolio
The Los Angeles-based company recently paid $191 million for a nine-building Southern California industrial portfolio.
Delaware Firm Buys 2,000-Unit Self-Storage Portfolio in Metro New York
A 2,000-unit self-storage portfolio made up of two facilities in Port Chester, N.Y., and New Haven, Conn., changed hands for a total of $25 million, or more than $218 per square foot.
HFF Arranges Nearly $10M Refi for Atlanta Retail Center
Connexion at Holcomb Bridge, a 106,769-square-foot retail center located in Fulton County, received financial aid from HFF.
CIM Group Acquires SoMa Office Asset
The company has acquired an office and telecom building in San Francisco’s SoMa District.
Health and Wellness Focused Mixed-Use Development Breaks Ground in The City of Excellence
Integra Investments recently broke ground on the 7.5 acre visionary project located in the heart of Aventura.