$300m U-M research and education center to anchor 14-acre Detroit center for innovation

by Released | Oct 30, 2019

Michigan Governor Gretchen Whitmer, Detroit Mayor Mike Duggan and Wayne County executive Warren Evans joined together with Stephen M. Ross, philanthropist and chairman of Related Cos., Matt Cullen, CEO of Bedrock, and University of Michigan (U-M) President Mark Schlissel to announce plans for a 14-acre Detroit Center for Innovation (DCI) in downtown Detroit.

Trammell Crow Co. names new head of capital markets

by Released | Oct 30, 2019

Tommy Lee has been promoted to head of capital markets at Trammell Crow Co.

U.S. Storage Centers acquires second facility in Bakersfield, Calif.

by Released | Oct 29, 2019

U.S. Storage Centers, an owner/operator of self-storage facilities nationally, has acquired a 649-unit, 118,595-square-foot self-storage facility located at 3813 Mesa Grande St. in Bakersfield, Calif.

Trez Capital-Hines partnership acquires first self-storage property

by Released | Oct 29, 2019

Trez Capital, with its partner Hines, has acquired a four-building, 235,400-square-foot self-storage facility at 525 N Ave. in Plano, Texas.

Boston Capital to develop first and second projects with Tacoma Housing Authority

by Released | Oct 29, 2019

Boston Capital is investing in the construction of two affordable apartment communities in Tacoma, Wash.

20-year study of major pension funds: REITs outperform unlisted real estate investments

by Andrea Zander | Oct 29, 2019

U.S. equity REITs delivered higher returns for pension funds than unlisted real estate over a 20-year period, according to new research released today.

Demand for industrial space is stronger than ever

by Andrea Zander | Oct 29, 2019

Demand for industrial space is stronger than ever across the United States, as e-commerce and third-party logistics businesses keep expanding their operations, despite the late-stage business cycle and increasing trade tensions, reported Yardi Matrix.

REIT buys more casinos in $843m deal

by Andrea Zander | Oct 29, 2019

Vici Properties has agreed to a sale-leaseback transaction with Jack Entertainment in an $843 million deal.

Resort assets remain top target among investors

by Andrea Zander | Oct 28, 2019

Over the past five years, resorts have been the darling of the hotel investment community, influenced by consumer focus on experiential travel and an affinity toward lodging assets with an authentic local feel, according to JLL Hotels & Hospitality’s Global Resort Report: Three-Part Series.

Morgan Properties acquires 18,000-unit apartment portfolio

by Released | Oct 28, 2019

Morgan Properties has acquired a nearly 80 apartment communities encompassing approximately 15,000 units across eight states.

Hines and Cerberus acquires 2.1m sqft complex in Houston 

by Released | Oct 28, 2019

Hines and an affiliate of Cerberus Capital Management  have officially closed on 600 Travis Street (formerly JPMorgan Chase Tower), totaling 2.1 million square feet of office and retail space in downtown Houston.

WeWork not a threat to real estate brokers

by Andrea Zander | Oct 28, 2019

Commercial real estate brokers are less threatened by WeWork and the overall co-working trend than they were a year ago.

Prologis to acquire Liberty Property Trust for $12.6b

by Andrea Zander | Oct 28, 2019

Prologis has acquired Liberty Property Trust in an all-stock transaction, valued at approximately $12.6 billion.

Pacific Urban Residential names new director, buys third Northeast property

by Andrea Zander | Oct 25, 2019

Adam Fruitbine has joined Pacific Urban Residential as the director of capital markets.

Olen Properties closes $567m multifamily deal

by Andrea Zander | Oct 25, 2019

Olen Properties has acquired an 11-property multifamily portfolio for $567 million. The apartment assets are located in Florida, Georgia and Nevada.

Bridge Development Partners to build Miami’s largest industrial property

by Andrea Zander | Oct 25, 2019

Bridge Development Partners will build approximately 1 million square feet of speculative industrial structures on a 123-acre site, which includes more than 50 acres of vacant Miami-area land.

Trammell Crow Co. announces industrial park in Las Vegas

by Released | Oct 25, 2019

Trammell Crow Co. and Washington Capital Management have begun construction of a speculative industrial development in North Las Vegas, Nev.

Recent commercial real estate transactions

by Lisa Yan | Oct 25, 2019

Transactions reported this week include an apartment building in New York City.

Construction continues as tech companies keep taking space in Austin

by Andrea Zander | Oct 25, 2019

Austin will top 3 million people in the standard metropolitan statistical area by 2027, led by enormous growth in cutting-edge STEM (science, technology, engineering and math) jobs.

Washington REIT decreases its retail inventory, increases multifamily exposure

by Andrea Zander | Oct 25, 2019

Washington REIT has completed the sale of eight major area shopping centers, reducing its retail exposure.

Developers break ground on massive Mesa office complex

by Andrea Zander | Oct 24, 2019

Lincoln Property Company, Harvard Investments and the city of Mesa has broken ground on the first office building in a sprawling new business complex in Mesa, Ariz.

Z&L Properties receives $330m for San Jose development project

by Released | Oct 24, 2019

Z&L Properties has received $330 million in financing for the development of 188 West St. James, a two-tower, 640-unit luxury condominium project located in downtown San Jose, Calif.

J.P. Morgan sells interest in Atlanta offices project

by Released | Oct 24, 2019

JLL, on behalf of institutional investors advised by J.P. Morgan Asset Management, has advised on the sale of an interest in Terminus 100 and 200, which had a total transaction value of $503 million.

Pinnacle Partners provides JV equity to capitalize Seattle’s first opportunity zone development

by Released | Oct 24, 2019

Pinnacle Partners, which is an opportunity zone investment firm, and developer Nitze-Stagen have broken ground for Seattle’s first opportunity zone development.

Consolidated-Tomoka Land Co. launches single-tenant net-lease REIT

by Andrea Zander | Oct 24, 2019

Consolidated-Tomoka Land Co. (CTO) has plans to create a single-tenant net-lease REIT to be called Alpine Income Property Trust.