CBRE
European Hotel Investment Volume Still Riding High
For the 12-month period ending in the first quarter of 2019, lodging transactions totaled €23 billion ($25.7 billion), with trades in the U.K., Spain and Germany accounting for the bulk of the activity.
Rexford Industrial Spends $30M on 2 LA Assets
The REIT acquired two properties within prime infill submarkets. Both buildings were fully leased at the time of the deal.
Parallel Capital to Manage 1 MSF Honolulu Portfolio
The San Diego-based company assumed asset management of a collection of downtown Honolulu office and retail properties, and added a new regional vice president for the Hawaii market.
JLL to Anchor Chicago-Area Office Building
The company will anchor one of the three buildings at the Oakmont Point office campus, consolidating its operations in Westmont and Lombard.
Cosentini Associates to Relocate Manhattan HQ
The Tetra Tech company will take 60,000 square feet at 498 Seventh Avenue. A George Comfort & Sons joint venture owns the 25-story office building.
Pittsburgh Industrial Portfolio Trades for $38M
CBRE represented the seller, Bentall Kennedy, in the sale of the seven-building industrial portfolio. The properties include approximately 408,000 square feet of space located near the city’s downtown.
Coworking Grows in San Diego as Biotech VC Stumbles
The shared office sector is booming in the Southern California city, a new report by CBRE suggests, while venture investment in life sciences retreated during the first quarter.
Brixton Capital Sells CA Retail Center for $50M
A foreign investor acquired the 290,000-square-foot asset in the Inland Empire through a 1031 exchange. The deal marks Brixton’s seventh disposition over the last six months.
Orlando Office Portfolio Trades for $33M
Highwoods Properties sold the fee simple interest in the two-building property to Metrocenter Office LLC. CBRE arranged the deal on behalf of the seller.
Exeter Property Buys Inland Empire Distribution Center for $98M
The company bought the Class A facility in San Bernardino, Calif. Bob’s Discount Furniture is the 800,000-square-foot property’s only tenant.