Australian developer completes $200m multifamily property in Houston

by Andrea Zander | Oct 14, 2019

Australia-based developer Caydon USA has completed the residential phrase of its first U.S. development, the $200 million Drewery Place, located in Midtown Houston.

Queensgate Investments acquires U.S. Freehand Hotels for $400m

by Andrea Zander | Oct 14, 2019

London-based Queensgate Investments has acquired Freehand Hotels from a seller consortium including The Yucaipa Cos. and Sydell Group for $400 million.

Griffin Capital Essential Asset REIT sells industrial building in Ohio

by Released | Oct 14, 2019

Griffin Capital Essential Asset REIT has sold a 160,410-square-foot, class A truck terminal located at 10 Commerce Parkway, West Jefferson, Ohio for $30.3 million.

Preferred Apartment Communities invests in multifamily development in Florida

by Released | Oct 14, 2019

Preferred Apartment Communities (PAC) has closed on a loan investment of up to approximately $10.9 million.

Orange County struggling with lack of product, but will remain resilient

by Andrea Zander | Oct 14, 2019

Industrial assets in Orange County, Calif. remain the favorite product type for investors in 2019, as cap rates continue to provide returns on investment. Orange County fundamentals remain resilient through market uncertainty and will continue to post record-breaking sales prices and asking rents, reported Cushman & Wakefield.

LaSalle enters life sciences sector with San Diego buy

by Kali Persall | Oct 14, 2019

LaSalle Investment Management has acquired a partial interest in the world headquarters and life sciences campus of Illumina, a global leader in DNA sequencing and array-based technologies, for an undisclosed sum.

Whitestone announces noncore asset sales of $39m

by Released | Oct 14, 2019

Whitestone REIT has continued to execute its strategic plan with the closing on the sale of three Houston noncore properties owned in a joint venture for a total sale price of $39.7 million.

Bigger not always better: The case for light industrial

by Andrea Zander | Oct 11, 2019

Demand for well-located, small light-industrial properties—less than 120,000 square feet, continues to outpace that for larger warehouses, largely driven by local economic activity, urban population growth and same-day delivery expectations of consumers, according to CBRE.

37th Parallel Properties enters Atlanta market

by Released | Oct 11, 2019

37th Parallel Properties Investment Group, a privately held Richmond, Va.–based multifamily real estate investment firm, has acquired Park on Clairmont in Atlanta.

Monmouth Real Estate acquires industrial building in Indianapolis

by Released | Oct 11, 2019

Monmouth Real Estate Investment Corp. has acquired a new 615,747-square-foot industrial building.

U.S. institutional investors incorporating ESG factors

by Released | Oct 11, 2019

About 42 percent of U.S. institutional investors incorporated environmental, social, and governance (ESG) factors into their investment decision-making process in 2019, according to Callan in its seventh annual ESG Survey

Olshan to build hotel in Columbus

by Released | Oct 11, 2019

Olshan Properties has broken ground on a new, 136-room Aloft Hotel at Easton Town Center located in Columbus, Ohio.

LACERA sells 50-story Manhattan tower for $400m

by Kali Persall | Oct 11, 2019

The Los Angeles County Employees' Retirement Association (LACERA) has sold a 50-story Manhattan luxury apartment tower to Global Holdings Management Group for roughly $400 million.

Recent commercial real estate transactions

by Lisa Yan | Oct 11, 2019

Transactions reported this week include an office building in Los Angeles.

E-commerce penetration correlates with retail property performance

by Loretta Clodfelter | Oct 11, 2019

The rise of e-commerce is an ongoing story for the retail sector.

Senior housing occupancy strengthen nationwide

by Andrea Zander | Oct 11, 2019

Senior housing occupancy increased to 88.0 percent in third quarter 2019 from its lowest level in eight years (87.7 percent) recorded during the previous quarter, according to new data from the National Investment Center for Seniors Housing & Care (NIC).

ROSS buys community in Richmond opportunity zone

by Released | Oct 11, 2019

ROSS Cos. has acquired Hampstead Apartments, a 98-unit community in an opportunity zone within Richmond, Va.

Compass Acquisition Partners names Lynn Owen as CEO

by Released | Oct 10, 2019

Veteran multifamily executive Lynn Owen has joined real estate investment firm Compass Acquisition Partners as CEO.

Corvias completes state-of-the-art student housing complex

by Released | Oct 10, 2019

Wayne State University and Corvias have completed the Wayne State’s Anthony Wayne Drive Apartments in Detroit.

LMC buys Uptown Charlotte asset, marking firm’s first acquisition

by Released | Oct 10, 2019

LMC has acquired Novel Stonewall Station, a luxury transit-oriented apartment community located in Uptown, one of the most sought-after rental submarkets in Charlotte, N.C.

CenterPoint acquires last-mile facility in Jersey City

by Released | Oct 10, 2019

CenterPoint Properties has acquired 101 Linden Avenue East in Jersey City, N.J.

S.F. office investment activity ahead of last year’s figure

by Andrea Zander | Oct 10, 2019

San Francisco office investment activity totaled $4.9 billion year-to-date, well ahead of last year’s figure of $1.7 billion, according to Cushman & Wakefield.

Hartman Income REIT buys value-add Houston office portfolio

by Released | Oct 10, 2019

Hartman Income REIT has purchased a three-property office portfolio totaling 254,225 square feet in Houston.

Avion Burbank, the largest infill project in San Fernando Valley, breaks ground

by Released | Oct 9, 2019

Overton Moore Properties has broken ground on Avion Burbank, the largest infill development project developed during the past 20 years in Southern California’s San Fernando Valley.

Core Spaces and Kayne Anderson launch new JV with Hub on Campus Blacksburg

by Released | Oct 9, 2019

Core Spaces and Kayne Anderson Real Estate have announcd a new joint venture partnership with the development of Hub on Campus Blacksburg student housing community.