Globest Sectors

Washington Prime was able to arbitrage the unproductive land component of the properties by securing 30-year capital while still maintaining control, according to CEO Lou Conforti.

Olive Tree Management sold the property located at 1 Overlook Drive in historic Monroe Township, according to brokerage firm Gebroe-Hammer Associates.

In terms of potential project sites, the city in the RFP did not express any preference.

The 14-unit apartment complex in the Arts District of Culver City has significant upside with five vacant units.

Rents in Redondo Beach have increased nearly $200 on average since the beginning of the year.

The owner closed a $28 million loan through Capital One to refinance the 372-space property.

To net lease investors, discount dollar stores offer passive cash flow, thanks to long-term leases (averaging 10-15 years) and credit-worthy tenants.

KBS of Newport Beach, CA, acquired the 10-story 188,950-square-foot office property in 2015 in a joint venture with a sovereign partner.