Regions
Onni Group Acquires Orange County Complex for $97M
Decron Properties, which has been paring down its office and retail holdings in recent years, sold Ocean Plaza following 13 years of ownership.
Tishman Speyer Launches Life Sciences Platform
In a partnership with Bellco Capital, the company formed Breakthrough Properties, which will acquire, develop and operate life science properties around the world.
Upstate NY Mall Changes Hands for $30M
Douglas Development Corp. purchased the 961,800-square-foot shopping center in a suburb of Buffalo, with plans to revitalize and rebrand the struggling asset. The deal included an adjacent Wegmans grocery store.
Life House Secures $100M in Equity Capital
The funding from Blue Flag Partners is expected to enable the lifestyle hotel brand and management company to substantially expand its portfolio.
Harsch Investment Begins Vegas Industrial Project
Plans for the development call for nearly 170,000 square feet of Class A space within the firm’s Speedway Commerce Center.
Glassdoor Doubles Up on Chicago Office Space
The popular jobs and recruiting site signed a long-term lease for 52,000 square feet at Trammell Crow Co.’s development in the city’s West Loop submarket.
Extra Space Storage Breaks Ground in NJ
Homestake Capital and Harvestate Group have started construction on a 595-unit self storage asset in Winslow, N.J. The facility is scheduled for completion by early 2020.
Northern Virginia Flex, Office Portfolio Trades for $44M
Minkoff Development purchased the five-building, 317,800-square-foot asset from Maguire Hayden Real Estate Co. The properties are part of the Avion Business Park, just south of Dulles International Airport.
Fund Buys 3 MSF Self Storage Portfolio
SROA Capital Fund VII picked up the 50 properties, spread across six states. The sale marks one of the largest of its kind.
Record Numbers at Port of NY, NJ Track Logistics Boom
The seaport logged its highest cargo volume ever, rising to second place nationwide, which bodes well for the thriving local logistics sector.