News
USAA Real Estate Announces 25-Asset Industrial Portfolio Recapitalization
USAA Real Estate Co. announced recently the recapitalization of an industrial portfolio totaling more than 14 million square feet. The portfolio included 25 industrial assets scattered across 11 states as well as two excess land parcels.
Economy Watch: Better Walkability = Higher Valuation?
There’s a lot of anecdotal evidence that companies are relocating in significant numbers to areas of better walkability.
CPE-RICS Report: Inside Global Optimism
RICS chief economist Simon Rubinsohn joins CPE in a podcast discussion evaluating responses to the first-quarter RICS Global Commercial Property Monitor.
Swire, Whitman, Simon Partner on Miami Development
Simon Property Group, Swire Properties and Whitman Family Development are teaming up to jointly develop a project in downtown Miami.
Blackstone Acquires 16 UK Logistics Assets
Blackstone has strengthened its overall position as a leading owner and operator of logistics warehouses.
InvenTrust Expands in Colorado
InvenTrust Properties has added a fourth retail property to its Colorado portfolio.
Goddard Trades Office Property in Houston
In the first significant value-add deal since the oil price slump began, a 21-story, boutique office building in downtown Houston has changed hands.
Concourse Corporate Center Picked Up by Stamford-Based Investor
The landmark Concourse Corporate Center was recently acquired by Building and Land Technology, the Stamford, Connecticut-based company announced. The property is located at Interstate 285 and Georgia State Route 400 in Atlanta’s Perimeter submarket, in close proximity to several MARTA stations.
Silicon Beach Asset in Santa Monica Trades Hands for Highest Per-Square-Foot-Rate in 2015
We’ve previously covered the growing strength of the area of Santa Monica known as Silicon Beach, but the tech-centric submarket seems to finally be hitting its stride. Recently, New York-based real estate investment management firm JOSS Realty Partners acquired a creative office asset in Santa Monica for a total of $23.7 million. The property traded at a per square foot rate of $1,004, the highest rate paid for an asset in the greater Los Angeles area in 2015.
Dragone Realty Investments Buys 727-Unit Prince George’s County Apartment Community
In its recently released Washington, D.C. Apartment Market Report for the first quarter of the year, Marcus & Millichap said that the excellent demographics and steady rent growth have motivated investors to search through the region for available multifamily assets. One such investor is Dragone Realty Investments. Earlier this year, the Bethesda-based company has acquired a large apartment community in Landover Hills.