News
Report: High-Action Quarter for Net Lease Market
2013 proved a busy year in the single-tenant net lease market, and the fourth quarter was no exception. As noted in The Boulder Group’s national net lease market report, the last three months of 2013 were anything but boring.
Senior Housing Properties Sells 2 Massachusetts Hospitals for $90M
Senior Housing Properties has closed its sale of two Massachusetts rehabilitation hospitals for $90 million to a JV of affiliates of The Sanders Trust and Harrison Street Real Estate Capital.
Healthcare Trust Buys 8-Property Medical Office Buildings for $141M
Healthcare Trust of America closed out 2013 with a total of $398 million in investments in medical office properties, including an eight-property portfolio purchase for $141 million.
Economy Watch: U.S. Auto Sales Up in 2013; Outgoing Fed Chair Optimistic
Auto sales peaked at 7.5 percent year over year. In a speech in Philadelphia, outgoing Fed chairman Ben Bernanke sounded optimistic on the economy in 2014 and beyond.
Christ Hospital Opens P1 Garage as Part of $265M Campus Expansion Project
Christ Hospital has opened its new visitor garage on December 24. Called the P1 garage, it is part of a larger, $265 million campus expansion project. It will be the primary parking location for patients and visitors coming to the hospital.
200-Unit Luxury Apartment Complex Changes Hands
A multifamily apartment complex in the Greater Houston area has recently changed hands. Marcus & Millichap Real Estate Investment Services announced on December 23 it has arranged the sale of The Palms at Cinco Ranch in Richmond, Texas, 15 miles southwest of Houston. The terms of the sale were not disclosed.
D.C.-Area Industrial Properties Sold for $35M
Two Greater Washington industrial properties have recently traded for about $35 million.
Lori Mason Curran: Evolving South Lake Union
Lori Mason Curran, Vulcan Inc.’s investment strategy director for real estate, talks about how South Lake Union continues to evolve.
Related Beal Buys 4-Building Property in Boston from Fidelity Investments
Related Beal has bought the 343,000-square-foot The Block on Congress from Fidelity Investments in a sale-leaseback transaction that allows the new owner to make plans for the near future.
Terreno Realty Corp. Pays $53.1 Million for Industrial Buildings in Queens, NY
San Francisco-based Terreno Realty Corporation recently acquired a real estate portfolio marketed under the name JFK Airgate and an adjacent parcel in Queens for a purchase price of $53.1 million, or around $232 per square foot.