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Carr Properties has completed a $300 million convertible debt investment with Israeli insurer Clal while Almanac Realty has committed up to $400 million to Merritt Properties.
The final 90 days of 2017 marked the first quarter of positive net absorption in the Houston office market in 18 months, while the overall net absorption quietly trended positive in fourth quarter, says CBRE.
Yet CBRE reports that foreign investment accounted for 42% of Washington DC's total office investment in 2017, with most of the capital coming from Japan, Norway and Canada.
Following a summer slowdown, industrial tenants leased 13.9 million square feet during the final three months of the year, representing a 52.8 percent jump quarter-over-quarter.
Twenty-five new lease transactions greater than 25,000 square feet occurred in the Chicago suburban office market in 2017 compared to 19 transactions in 2016.
A large portion of Frisco Square has sold to an affiliate of Maxus Realty Trust, including three office and two multifamily buildings, all with ground-floor retail, a Cinemark Theatre and land development sites.