The shift to online shopping has introduced a new form of urban consumerism. Fewer trips to the mall or grocery store have created opportunities for online retailers to meet demand by utilizing forgotten urban industrial space. Pockets of warehouses, often on the fringe of metro markets, are being converted from manufacturing into distribution centers. These
Nashville, TN-based Healthcare Realty Trust sold six inpatient rehabilitation hospitals located across three states. In two transactions, affiliates of Global Medical REIT and Carter Validus Mission Critical REIT each purchased three hospital facilities, with a combined total of 376 beds and a total acquisition price of $137.6 million. The hospitals are located in Austin, Dallas
As Sears nears bankruptcy, some investors are looking for ways to profit from the retailer’s collapse. In an annual report filed on March 22, the company said its operating results showed “substantial doubt” about whether it would remain in business. Sears has closed hundreds of stores and sold off assets to raise cash. Traders who bet
Investors expect to pour money into commercial real estate this year, according to CBRE’s “Global Investor Intention Survey 2017.” “The sum total of planned capital expenditure by investors is $1.7 trillion,” the report finds. “Investors will not be able to deploy all of this capital, but the figure illustrates the potential capital available for real
LaSalle Hotel Properties sold two hotel assets and is under contract to sell a third hotel for a combined $218.9 million in proceeds. The properties included in the transaction are as follows: Lansdowne Resort for $133.0 million. The company acquired the resort in June 2003 for $115.8 million. Alexis Hotel for $71.6 million. The company
Florida’s Gateway provides direct access to CSX’s Winter Haven Intermodal – and more importantly, connectivity to a staggering 18 million people within 200 miles. That’s right: with nearly 20.7 million residents, Florida ranks third in U.S. population (behind California and Texas), and 1,000 people per day make Florida their home. So what was critical in
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