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MIAMI—With Latin American investment slowing in the wake of a stronger US dollar, Chinese investors are picking up some of the slack. But what kind of appetite do they have for American assets?
BURBANK, CA—The investor buys the three-building Burbank Collection office property in Downtown Burbank with plans to transform the property into a creative office campus.
LOS ANGELES—Geringer Capital nears completion on a 126,768-square-foot build-to-suit industrial facility, which the company opted to build with an in-place tenant despite the high industrial demand.
NEW YORK CITY—With air rights and inclusionary housing certificates having been purchased for the sizeable property, the expansive site could sell for $175 million.
PHOENIX—Institutional Property Advisors, a division of Marcus & Millichap, closed the sale of Crestwood, a 276-apartment multifamily community in Mesa. The seller was Lynd; the buyer is Aspen Square Management.
RANCHO SANTA FE, CA—Developers say MREN platform provides participants with a private marketplace, executing variety of real estate strategies, whether targeted or accessed via the public market.