An affiliate of Atlanta-based RCG Ventures and a New York City–based joint venture partner have sold Stonebridge Square, a 160,391-square-foot regional power center anchored by Kohl’s and Michaels in the Atlanta-area community of Roswell, Ga.
Dream Industrial REIT (DIR) has agreed to sell 20 of its U.S. assets (29 buildings in total) to a private open-end U.S. industrial fund for C$210 million ($167 million) and an approximately 25 percent retained interest in the fund.
The self-storage industry has performed well amid the COVID-19 pandemic, and is well positioned for the post-pandemic environment, given its inflation-resistant leases and a moderate slowing in new supply.
US2, a joint venture between Magellan Development, RAS Development LLC, Cypress Equity Investments and USAA Real Estate, has broken ground on a $2 billion mixed-use project known as USQ in Somerville, northwest of Boston.
The Urban Land Institute (ULI), in partnership with global law firm Goodwin, has published a new report, which it believes lifts the lid on how proptech is increasingly revolutionizing the real estate industry.
Hudson Square Properties, a joint venture of Trinity Church Wall Street and Norges Bank Investment Management (NBIM), with Hines as the operating partner, has broken ground on 555 Greenwich, a 270,000-square-foot, 16-story office tower in the heart of the burgeoning Hudson Square neighborhood.