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"This acquisition continues the expansion of our nationwide industrial portfolio, which seeks to secure strong, income-oriented returns at this mature stage of the current real estate cycle,” says Brodie Ruland, ASB senior vice president and Northeast region head.
“Maggie's management experience encompasses multiple tiers of tenant representation, business development and client management, ideally qualifying her for her new position,” says Greg Tait, senior leasing director, Irvine Company Office Properties.
“The property's durable cash flow and attractive yield were a highly compelling investment proposition for the buyer's first US acquisition,” says NKF's Kevin Welsh, whose team brokered the sale.
The proposed Google campus was another compelling reason for Decron to acquire the Willow Creek multifamily property with long-term upside and below-market rent component.
At Lee & Associates' annual Broker's Summit in Las Vegas, Ken Salzman and Aleks Trifunovic highlight the stunning differences between L.A. and New York office properties.
For the past four years, BREG invested in substantial capital improvements and implemented an active management plan to convert the property from standard office zoning to its current medical office status.
Conceived as a new landmark, 841 Yale provides a nod to the turn-of-the-century origins of The Heights with craftsmen masonry and brick patterns plus arched metal windows in its first two stories.
HarborChase Cordova is the second development of the partnership in the East Memphis area. Their HarborChase of Germantown project is under development and anticipated to open in the summer of 2019.