Regions
Sterling Org. Closes Fund With $495M in Commitments
With leverage, Sterling Value Add Partners III has roughly $1.3 billion in purchasing power, which will be aimed at retail centers nationwide.
Swift Real Estate Trades San Francisco MOB
The new owner, a joint venture including Harrison Street, picked up the asset for $30 million, funded by a $25 million acquisition mortgage.
Cushman & Wakefield Buys Australian Firm
Based in Sydney, Inc RE is a capital markets firm that has closed transactions valued at nearly $2.3 billion in the 18 months since its formation.
Crow Holdings Industrial Kicks Off 1st Midwest Project
The company teamed up with ARCO/Murray to develop a 252,000-square-foot distribution facility in the Channahon Corporate Center, scheduled for completion in early 2019.
Public Storage Adds New Units to Silicon Valley Facility
The company added more than 700 units to its facility located in Milpitas, Calif. The site now offers more than 1200 storage units serving the San Jose-area community.
JLL Expands West Coast Retail Development Team
Greg Whitney brings more than 25 years of retail development experience to his new position. As senior vice president, he will identify development opportunities, implement strategies and oversee projects.
W.P. Carey Buys $178M Netherlands Retail Portfolio
The 36 assets total 1.5 million square feet and are triple-net leased to the Dutch DIY company Intergamma B.V. for an average of 15 years.
St. Louis Mall Changes Hands
Hull Property Group picked up the 1.3 million-square-foot Chesterfield Mall, opened in 1976, from C-III Capital Partners, which took control of the asset after a foreclosure action in 2016.
Silicon Valley Storage Facilities Sell for $25M
Marcus & Millichap’s Levin Johnston and National Self Storage Group arranged the sale of two properties located in Los Gatos.
Phillips Edison, Grocery Center REIT II to Merge
The consolidation, which is expected to be completed in the fourth quarter, will create one of the largest grocery-anchored shopping center portfolios, worth more than $6 billion.