Regions
KBS Unit Sells $1.2B Office Portfolio
The sale of 11 Class A properties still leaves KBS Real Estate Investment Trust III Inc. with 20 assets valued at more than $3 billion.
Centuria to Buy $89M Australian Office Gem, Start New Fund
The Sydney-based investment manager will acquire 80 Flinders St., a 130,800-square-foot property in Adelaide, from a Lendlease Australian affiliate and use the transaction to launch a new fund.
Solar Industry Asks Congress to Extend ITC
The policy, set to begin its phaseout next year, has spurred $140 billion in private sector investment and the creation of more than 200,000 jobs since 2005.
Ashley Capital Buys 800 KSF Distribution Facility in VA
The new owner plans to begin work on a complete renovation at the industrial property, including rebranding it as Virginia Gateway Logistics Center.
New Hampton Inn & Suites by Hilton Opens in Indiana
Hampton Inn & Suites by Hilton Wayne Downtown features two restaurants: Burger Bar and Conner’s Rooftop. The hotel broke ground last year in June.
Cushman & Wakefield Arranges Colorado Office Sale
Built in two phases between 1996 and 1999, Plaza 200 & 300 at Highlands Ranch last traded in 2006, when The Lagomarsino Group acquired it for $11.2 million.
Allied Properties Closes 2 Acquisitions in Montreal
The deal brings the Toronto-based company’s Montreal footprint to 5.6 million rentable square feet after nearly 15 years in the metro.
Compass Datacenters to Invest $3B in Multi-State Expansion
The company will develop campuses across the U.S. in a growth plan bolstered by additional commitments from current investors and capital from a new partner.
Granite REIT Buys 3 Facilities in $120M Deal
The fully leased industrial properties have a combined total of 1.3 million square feet and are located in the U.S. and the Netherlands.
LA-Area Office Asset Sells for $51M
A New York-based company acquired the two-building property and is set to renovate it for media, tech and entertainment tenants.