Globest Sectors

The trade area surrounding the 296,952-square-foot open-air Gresham Station has experienced population growth of nearly 30% and continues to be one of the fastest-growing pockets in the Portland MSA.

Energy prices have displayed a stable trading range between $40 and $50 a barrel, resulting in the Midland economy to respond in kind, specifically, with strong fundamentals in the multifamily sector.

The market is starting to see retail assets trade at record prices, another sign of the tremendous growth east of Los Angeles.

Fortis Property Group received the loan from Mack Real Estate.

The JV is acquiring the top half of the 251,000-square foot building.

Kennedy Wilson's ownership in CB3 is 50%, with an initial equity investment of €68 million or approximately $79 million. Kennedy Wilson will act as the development and asset manager of the property.

One reason is that senior housing is becoming a more mainstream investment segment, JLL says.

The Chicago-based industrial real estate firm states it has commenced phase one of the development, which includes construction of a 555,840-square-foot state-of-the-art logistics center.