LA Biz Nuveen Real Estate has paid $596 million, or $25148/sf, for the 237,000-square-foot industrial property at 2950 East Philadelphia St in Ontario, Calif The Chicago investment manager purchased the property from Myers Power Products Inc, a...
Realty Income Corp has agreed to buy VEREIT Inc through a stock swap, creating one of the largest REITs in the country, with an enterprise value of about $50 billion The surviving company will own 10,300 properties with nearly 200 million square...
A total of $605 billion of net-leased properties changed hands last year, down from $80 billion in 2019, according to CBRE But that lower volume amounted to 148 percent of the $4054 billion of total property sales completed last year – a...
Guggenheim Investments has committed $600 million to a venture with ElmTree Funds that will pursue net-leased industrial properties across the United States The venture will specifically target last-mile distribution facilities ElmTree, a St Louis...
Capitalization rates, or the initial yields that investors require from triple-net leased properties, last year declined to historic lows as interest rates remained low and investors pushed up prices for the safest properties Cap rates have, in...
A venture of Winstanley Enterprises and Surrey Equities has put a portfolio of 12 net-leased supermarket properties up for sale through JLL Capital Markets The 804,000-square-foot portfolio, leased to Stop & Shop and Giant Foods, both units of Dutch...
Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston Healthpeak Properties Inc is developing the five-story property at 7500 Fannin St It already is 36 percent preleased and will include a...
Calkain Cos has opened an office in Manhattan and hired Michael Heneghan as senior managing director to run it The office becomes the sixth for the Herndon, Va, brokerage, which specializes in properties that are net leased to their tenants Earlier...
Office-market fundamentals in suburban Washington, DC, tumbled in the first quarter, according to brokerage Cassidy & Pinkard Colliers The vacancy rate in northern Virginia increased 22 percentage points to 133 percent as the amount of space...
USF&G Financial Services Corp has negotiated the termination of its lease for 100 Light St, a 530,000-square-foot office building in downtown Baltimore that is owned by Lexington Realty Trust USF&G, a unit of St Paul Fire and Marine...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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