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Archive for Yvonne Yue
Morgan Properties Pays $354M To Acquire Sunbelt and Midwest-Focused REIT
Morgan Properties’ real estate portfolio is getting bigger. An affiliate of the Conshohocken, Pennsylvania-based firm has acquired Toronto-based Dream Residential REIT, which manages over a dozen multifamily properties throughout the U.S., for roughly $354 million. Under the deal, Morgan is buying all the Class B units for $10.80 a share, representing an 18 percent premium […]
BKM Capital Underwriting ‘Significant’ NOI Growth for Texas Light Industrial Acquisitions
BKM Capital Partners is adding to its light industrial portfolio. The real estate manager has acquired two portfolios in Texas for $90 million — one in Dallas-Fort Worth (DFW) and Houston, as it sees value in the Lone Star State’s business-friendly environment and favorable industrial fundamentals. In total, the deal includes five properties, spanning a […]
Robert Martin and Dune Strike $500M Refi for Westchester 42 Asset Industrial Portfolio
Robert Martin Company and Dune Real Estate Partners have secured $500 million to refinance an industrial portfolio in Westchester County in New York State, a little over 30 miles away from Manhattan. The deal applies to 42 assets and three parks, according to reporting from the Commercial Observer. The following properties in the 2.4 million square […]
Nvidia stretches real estate growth with deal to double Texas hub
Nvidia, the global chipmaker that just became the first company to surpass $4 trillion in stock market value, is adding to its expansive real estate holdings to support an internal growth spurt. The Silicon Valley conglomerate, one of the corporate cornerstones of the booming artificial intelligence industry, is preparing to double its hub in Austin, […]
C&S Wholesale to buy grocer-distributor SpartanNash for $1.8 billion
Kimberly Stepp is staying in Pacific Palisades. The cofounder and principal at the Stepp Commercial brokerage firm proclaims her loyalty to the neighborhood as she stands on a burned-out stretch at 843-847 Via De La Paz, watching a crew clear debris from the site that once held her office. She’s waiting for smoke remediation to be completed […]
Blackstone, KKR dive back into office market with Seattle-area deals
Some of the world’s largest real estate firms are back in office dealmaking mode after years of sitting on the sidelines, as evidenced by a handful of recent Seattle-area acquisitions. Affiliates of global powerhouses Blackstone and KKR finalized deals for several high-rises in the Spring District, a 2 million-square-foot campus in Bellevue, Washington, that houses […]
US grocery giant Kroger set to close 60 stores
Major U.S. supermarket chain Kroger plans to close about 60 stores across the country over the next 18 months, addressing some streamlining it couldn’t get to while its failed merger with Albertsons Cos. was pending. The Cincinnati-based grocery chain — operating 2,730 stores under its own name as well as under such banners as Fred […]
Blackstone sees buying opportunity in economic gyrations from shifting US tariff policy
Blackstone, the world’s largest owner of commercial real estate, said it expects opportunities to emerge for acquisitions and other investments as the United States’ imposition of tariffs around the globe has led to economic uncertainty. While questions prompted by the Trump administration’s fast-shifting trade policy toward China, Canada and other countries could “create a little […]