Dominion Energy NC has purchased the land needed to get going on a liquified natural gas storage facility in Person County. They paid $12 million for the land needed for the 500-acre plant. The Triangle Business Journal reports 70 acres…
Alterra Industrial Outdoor Storage acquired a 17-property portfolio through a process spearheaded by the CBRE capital markets team in Chicago. The TruGreen Portfolio includes 840 Commerce Parkway, a 22K SF property in Carpentersville The TruGreen Portfolio consists of properties totaling 350K…
Providence Group Capital recently purchased a 6-acre parcel to add to its already sizable holdings in Charlotte. The site is next to the Kimbrell’s Furniture store on South Boulevard. Providence is developing a 100,000-square-foot climate-controlled self-storage building there. It also…
Capital Development Partners has announced a 982,800-square-foot lease at Central Port Logistics Center with Plastic Express. Plastic Express will export over 150 million tons of US-made plastic resin products. Central Port Logistics Center Building 11 is a CSX rail-served site and will…
Spartan Investment Group has closed three self-storage deals in the firm’s Growth Fund, including one in Kingsland, GA. “At a time when it is challenging to secure loans, find equity, or fund new construction, we’re forging ahead in a strategic…
Jamestown sold Malibu Village for $81.5M, or about $1,600 per SF, to Stan Kroenke, according to The Real Deal, which cited an anonymous source. The deal represents a big discount from the $120M, or $2,300 per SF, Jamestown paid for the…
The desks of yore are dying. For centuries, they were hulking pieces of furniture, a reflection of the needs of their owners to write letters, balance ledgers or intimidate subordinates. As technology permeated the modern workplace, they were crammed into increasingly shrinking cubicles…
Starwood Real Estate Income Trust and Morningstar Properties have formed a joint venture to invest in the “resilient” self-storage sector, according to a Tuesday release. The new entity will recapitalize 25 self-storage assets already owned by Morningstar funds and invest in additional assets to be operated under the…
Data center operators who need development cash fast are increasingly issuing securities when revenue can’t keep up with growth. RagingWire CA3 Data Center in Sacramento, California Flexential announced last week that the company raised $2.1B through a securitization offering — effectively…
The office sublease market may finally be cooling off. The amount of sublease space in Chicago’s Central Business District increased by 75% between Q1 2020 and Q1 2021, hitting a historic high of 5.7M SF, but the market has begun…
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