Manulife Investment Management has acquired Arcadia Jacksonville, a 333,725-square-foot, class A cold storage facility in Jacksonville, Fla., for $68.28 million.
The office sector continues to face difficulties, but there is a distinct separation in performance between the amenity-rich premier office assets and the older, lower-quality buildings where few employees have returned to the office, according to S&P Global Market Intelligence in its U.S. Office Market report.
fifteenfortyseven Critical Systems Realty (1547), an owner and operator of data centers, and Harrison Street, an investment management firm exclusively focused on alternative real assets, announced the acquisition of DRFortress, Hawaii’s largest carrier-neutral data center, from GI Partners.
CenterSquare’s private real estate debt team recently provided preferred equity subordinate to a preexisting Freddie Mac senior loan for a 21-story, 179-unit multifamily rental property in the Upper East Side neighborhood of Manhattan.
PRP announced the acquisition of Cosmopolitan on the Canal, a 218-unit class A multifamily property located along the Central Canal in downtown Indianapolis.
As corporations worldwide continue to adjust their hybrid policies to favor in-office attendance, the office sector has regained a central role in commercial real estate. While companies are optimistic about growth — planning increases to headcount and seeking more or improved office space — economic and geopolitical uncertainties persist, according to JLL.
Diversified Healthcare Trust has completed the $159 million sale of MUSE, a three-building trophy life sciences campus totaling 186,000 square feet in San Diego.