Regions

Washington REIT Sells $485M Retail Portfolio

First Washington Realty acquired the 800,000-square-foot group of five grocery-anchored shopping centers in high-income neighborhoods of the Washington, D.C., area.

The CPE-MHN Guide to Investing is now available!

Now you can get trend and strategy insights two different ways: Leaf through the CPE-MHN Guide to Investing for a quick read or click on individual articles for an in-depth look at the topics that most interest you.

Equinix Opens its Largest Japanese IBX in Tokyo

The new data center will comprise more than 3,500 cabinets and more than 153,800 square feet dedicated for colocation upon full deployment.

Singapore-based investors were highly active in U.S. commercial property markets last year, including CapitaLand, which scooped up a 3,787-unit multifamily portfolio for a total of $838 million last September. The 16 communities acquired by the real estate firm in the western U.S. include (from top): Marquessa Villas, a 336-unit community in Corona, Calif., and Stoneridge at Cornell, a 233-unit asset in Portland, Ore. Images courtesy of CapitaLand Ltd.

Foreign Investment Moves Beyond the Gateways

Lofty prices and compressed yields are causing global buyers to prospect in other lucrative, business-friendly states such as Texas and Florida.

Strategic Storage Trust IV Buys Seattle-Area Facility

The REIT expanded its footprint with a 350-unit storage asset in Redmond, Wash. The six-building property changed hands for $11.5 million.

Kilroy Realty Signs 1st Lease for Bay Area Life Science Campus

Cytokinetics is the first tenant of the in-progress $600 million project. The biopharmaceutical company will occupy 235,000 square feet at Kilroy Oyster Point starting in September 2021.

1031 Investor Chases Retail Yield in the Inland Empire

CBRE orchestrated a complex deal that resulted in its client’s purchase of Menifee Town Center and The Barn at Wildomar from separate sellers and the disposition of a Hollywood property.

Landes Group Refinances 26 CVS Stores Valued at $48M

Located in 11 states across the U.S., the assets total 312,000 square feet. Chemical Bank advised the buyer and developer of single-tenant retail assets.

Solera Health Increases Downtown Phoenix Footprint

The medical tech company occupies two floors at The Monroe building in downtown Phoenix. The expansion is expected to add at least 200 new jobs.

Kidder Mathews to Manage 3 MSF Portland Portfolio

The contract for 13 industrial properties, owned by newly formed BentallGreenOak, brings Kidder Mathews’ management footprint in the metro to 12.5 million square feet.