Capital improvement
Redeveloping Malls: An $8B Trend
A recent study by JLL shows that mall owners are investing billions in renovating their assets to meet the needs of the modern consumer. While these projects come with risks, the report makes a case for their rewards.
Orlando Office Campus Changes Ownership
The seller embarked on a capital improvement program after purchasing the asset in 2012. Renovations included landscape upgrades, enhanced exterior lighting and signage improvements.
Vacant 840 KSF Industrial Building Sells in Vacaville, CA
The buyer’s investment strategy includes a comprehensive capital improvement plan to make the facility, located at 700 Crocker, attractive to Bay Area tenants.
Lincoln Park Plaza Finds New Owner
The shopping center is mostly vacant, but the new owner plans to reposition the 176,000-square-foot property. Friedman Integrated’s Rich Deptula represented both the seller and the buyer in this transaction.
From Classic Retail Center to Experiential Shopping Destination
Improvements brought to HHLA, a shopping mall in Westchester, Calif., is illustrative of how retail centers across the nation are turning into live-work-play destinations fostering a sense of community.
10 Federal Expands NC Self-Storage Footprint
The company will convert the new property, located in Chapel Hill, N.C., to unmanned operations following the same approach implemented at its other self-storage facilities.
CBRE Markets St. Louis Riverfront Redevelopment Portfolio
The 19-property portfolio is located along the St. Louis riverfront and could support multifamily, office, industrial and retail space uses.
Meridian Nabs Bay Area 175 KSF Office
The firm plans to reposition the property and bring upgrades to the building systems, roof and common areas. Transwestern will be handling leasing efforts.
Simone Forays Into NJ with MOB Buy
The company plans to reposition the 62,000-square-foot property in Hackensack, which was 52 percent occupied at the time of the transaction.
Industrial Property Trust Nabs 104 KSF Asset
The company purchased the property in the Rancho Dominguez submarket of Los Angeles County for $12 million and has a $2.5 million renovation underway.