Regions
Retail Supplier Launches First US Operation in SC
Sumter Easy Home will invest $37 million in a manufacturing facility in Sumter County. The 104,000-square-foot development is projected to create at least 88 new jobs.
Hines Nabs Sacramento Office Tower in $120M Deal
The transaction included not just the Kaplan McLaughlin Diaz-designed downtown building, but the attached 800-space parking structure and the 350-space parking facility as well.
Albuquerque: On the Mend
Despite being the hub of New Mexico’s technology corridor, the metro has only experienced modest population and employment growth throughout the recent economic expansion, Yardi Matrix data shows.
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Belay Investment JV Bets $70M on Portland
Belay Investment Group and L&L Investment Partners plan to purchase and reposition Portland office, multifamily and mixed-use properties. As its first investment, the JV acquired an asset comprising two 1940s-era warehouses in the city’s Guild’s Lake submarket.
NorthMarq Capital Buys SLC Mortgage Banking Firm
The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq’s 37th office.
Homewood Suites Comes to San Diego’s Hotel Circle
Developed and owned by T2 Hospitality, the property brings 245 suites with fully equipped kitchens to Mission Valley and is managed by Evolution Hospitality.
Economy Watch: U.S. Population Still Graying
The median age of the U.S. population rose from 35.3 years in April 2000 to 37.9 years in July 2016, according to new Census Bureau population estimates. A shift that will affect demand for retail and residential real estate.
Square Mile Capital Makes Executive Changes
Craig Solomon, who co-founded the company back in 2006, will be responsible for managing all aspects of the firm’s business and investment activities.
Natixis Provides $35M Financing for Retail Center Acquisition
Colliers International arranged the financing used for the purchase of a 276,333-square-foot shopping center in Arlington Heights, Ill. The loan will be granted in two tranches.