PGIM Real Estate
Rexford Buys $20M Inland Empire Industrial Asset
The 201,035-square-foot property is fully leased to a logistics tenant on a triple net basis and has significant rental upside.
Uncertainty About Retailers Affecting Mall Deal Activity
In the second quarter of 2017, shopping center deal flow fell at a rate greater than any other major asset class, fueled by concerns about the changing face of retail and whether individual tenants will be able to withstand the impact of e-commerce, notes Yardi Matrix Associate Director of Research Paul Fiorilla.
Investors Revamp Playbook to Capture Yield: PGIM
While investors have largely focused on putting their capital in core assets in primary markets since 2010, they are starting to target markets offering more attractive yields and stronger growth opportunities, according to PGIM Real Estate’s 2017 Global Outlook.
Eli Lilly Completes $90M Biotech Expansion in San Diego
The expansion more than doubles the firm’s existing Biotechnology Center, as part of the company’s $850 million U.S. capital investment for 2017.
Texas-Based Bank Opens First Office in South Florida
Woodforest National Bank is operating a temporary office at New River Center until July, when the new office build-out is scheduled for completion.
CBRE Global Buys Atlanta Retail Center for $109M
The company has partnered with Universal-Investment to acquire North Point MarketCenter, a more than 427,000-square-foot Class A shopping mall in Alpharetta, Ga.
Financing Industrial: PGIM Real Estate Finance CIO Talks Discipline, Disruption
Paige Hood has a favorable outlook for commercial real estate lending, crediting market discipline as a key driver of his firm’s capacity to lend on coveted, last-mile industrial assets, among other property types.
C&W Secures Two Miami-area Office Leases
Cosentino North America and Kimley-Horn will occupy more than 40,000 square feet at 355 Alhambra Circle.
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