Strategic Storage Trust Lands $29.1 Million CMBS Loan to Refinance 11 Facilities
In the latest sign that the securitized lending market is bouncing back, Strategic Storage Trust Inc. has refinanced 11 properties with a $29.13 million loan provided by Citigroup Global Markets Realty Corp....
It's Official: AMB, ProLogis to Form $46 Billion Industrial ‘Goliath’
Shareholders of the two biggest companies in the nation’s industrial real estate sphere are expected to approve the merger of the two, a union that would create the dominant firm in the industrial sector. ...
Report: ProLogis, AMB Property Ready to Merge
Warehouse giant AMB Property Corp. is ready to merge with larger rival ProLogis, according to a report in The Wall Street Journal...
Strategic Storage Trust Buys First Self-Storage Property in Canada
Strategic Storage Trust, a publicly registered non-traded Real Estate Investment Trust (REIT) specializing in the self-storage market has acquired a 1,060-unit facility in Toronto for more than $14 million. ...
Behringer Harvard’s Industrial Acquisition in Southern California Capitalizes on ‘Market Stress’
In a value-added play, Behringer Harvard Opportunity REIT II and CT Realty Investors have jointly acquired the Interchange Business Center in San Bernardino, Calif., for $30 million. ...
Industrial Absorption Creeps Up
The cautious pace of rebuilding inventories of warehoused goods may frustrate some landlords eager for a fast gain in occupancy in 2011. U.S. companies...
Voit Sells $14.4 Million LA Industrial Property
Voit Real Estate Services, a commercial real estate firm, has sold a $14.4 million, 157,328 sq. ft. industrial property in the Los Angeles market to DEXUS Property Group...
C&W Brokers Largest Industrial Transaction This Year in Florida
How’s this for a bidding war in South Florida? When the 880,543 sq. ft. Palmetto Distribution Center in Miami-Dade County went on the selling block, the owner fielded 27 offers from a variety of hopeful buyers. ...
NAIOP Names The Alter Group 2010 Developer of the Year
The Alter Group has been named Developer of the Year for 2010 by NAIOP, the commercial real estate development association. The honor is the industry’s most prestigious developer award....
Muskegon, Mich. Makes an Offer That's Hard to Refuse: Free Land
Extraordinary times call for extraordinary measures in Muskegon County, Mich., where the unemployment rate rose from 13.9% in June to 14.9% in July. In a bold move to stimulate hiring, the city of Muskegon, the county and Dalton Township have joined forces to offer free land to companies that can guarantee 25 or more full-time jobs at one of two industrial parks. ...
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