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LOS ANGELES—A joint venture between Panattoni Development Co. and MetLife Real Estate Investors buys a land site to build a 149,040-square-foot industrial class-A property.
LOS ANGELES—TruAmerica Multifamily and Intercontinental Real Estate Corp. buy the Millennium in Woodland Hills, a 395-unit multifamily complex that was built in early 2015.
BALTIMORE—A Legg Mason deal to acquire majority ownership of Clarion Partners from Lightyear Capital would value the real estate investment manager at $850 million, according to Bloomberg Business.
Cap rates in the net lease sector are at all-time lows. That statement (of the obvious) in and of itself is not a headline. The change in the mix of properties making up what is being sold today versus the last few years is, however, worth looking at. The properties that have been driving the ever lower cap rates are ironically the ones with less credit behind them. Indeed for each year over the past…
We are opening the new year with a renewed focus on China, but this time focusing on the shaky economic news coming out of Beijing and creating shockwaves, once again, in the global stock markets.
SAN DIEGO—World Trade Center San Diego will capitalize on the favorable economic climate in San Diego by helping companies export and bring foreign direct investment into the region, director Dr. Nikia Clarke tells GlobeSt.com <b>EXCLUSIVELY</b>.