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The industrial property totals 350,171 square feet and was purchased by Hillwood in an acquisition that is consistent with its strategy to acquire high-quality industrial assets in major US markets.
The Hampshire Companies and Harrison Street say they plan to announce several additional self-storage development projects in the coming months in the aforementioned Boston to Washington, DC corridor
Majestic Realty Co. continues to expand its footprint in the Portland region including speculative developments, build-to-suit opportunities, lease ups and new land acquisitions.
“This investment expands our geographic footprint to strong submarkets for one-story flex and industrial product at a fraction of replacement cost in these locations."
Investors Bank's largest single CRE loan, which was completed at the end of 2018, was a $42 million transaction to refinance the commercial mortgages on 27 retail properties in multiple locations.
Hillwood, developer of the 26,000-acre master-planned AllianceTexas development, will build three speculative industrial buildings totaling almost 1.5 million square feet at Alliance Northport and Westport.
The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017.