Globest Sectors

The 88,598-square-foot grocery-anchored shopping center was 96% occupied at the time of the sale, according to Institutional Property Advisors

CT acquired the 382-acre property within the Rickenbacker Industrial Park in a joint venture with Walton Street Capital. Construction financing will be provided by Bank of America.

Along with industrial properties, the much-maligned retail sector should be strong in 2020.

The 45,735-square-foot medical office building at Mountainside Medical Center is anchored by Hackensack Meridian Health.

Whether a renter is considered a Baby Boomer, Millennial and Gen Zer, the common denominator is the desire to have inexpensive and flexible living accommodations within short distances to resources and transportation.

Solix has signed a lease for 31,442 square feet and will occupy a portion of the second and the entire third floors of the 75,049 square-foot office building owned by Lincoln Property Co.

Wood Investment buys a grocery-anchored two-tenant retail center in the Inland Empire submarket.

The 353-room hotel recently sold for $117.5 million, unencumbered of an existing management agreement, to an undisclosed buyer by seller, Han's Holdings Group Ltd.