Regions
Bay Area Office Asset Changes Hands
Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. CBRE arranged the transaction on behalf of the seller, Oak Grove Associates.
WPT Industrial Goes on $96M Shopping Spree
The REIT has agreed to acquire two distribution centers in Oregon and Texas. Combined, the properties offer more than 903,000 square feet of gross leasable space.
Economy Watch: U.S. GDP Edges Up in Q1
A 1.4 percent increase in U.S. real GDP for the first quarter of the year was down from the growth seen in the fourth quarter of 2016, according to the Bureau of Economic Analysis. But consumers remain confident about the state of the U.S. economy.
Griffin Taps Transwestern to Manage Large Mixed-Use Portfolio
The portfolio encompasses more than 4.5 million Class A office and industrial space and is located primarily in the Southwest and West regions of the U.S.
Gladstone Buys Suburban Philly Office Asset
The firm acquired a 60,016-square-foot office building for $15.45 million. The property has been fully leased to construction contractor Jacobs Engineering Group Inc. since its completion in 1997.
Silicon Valley Project Lands $79M Construction Loan
Development on Broadway Station will start in the third quarter, with delivery expected in the summer of 2019. Chan Zuckerberg Initiative already preleased the entire building.
Sacramento Sets the Pace
Although multifamily rent gains across the country have been decelerating in recent months, Sacramento continues to outperform. The average rent across the metro was up 9 percent year-over-year as of April.
Monmouth Lands 316 KSF Industrial Building in SC
The public equity REIT purchased the asset for $21.9 million. The building is net-leased to Autoneum North America Inc., a Delaware corporation.
Berkshire Hathaway Invests $377M in STORE Capital
STORE issued 18.6 million shares of company stock in a private placement to a wholly owned subsidiary of Berkshire at a price of $20.25 per share.
Westwood Financial Lands Sixth NC Shopping Center
The Arbors at Mallard Creek, a 55,323 square-foot retail asset in Charlotte, is the company’s most recent acquisition. CBRE represented both the seller and the buyer in the $25.1 million transaction.