Business Specialties  Investment
CB Richard Ellis Realty Trust Buys Best Buy Warehouse
Aug 07, 2009

CB Richard Ellis Realty Trust acquired  a new 238,370-square-foot state-of-the-art suburban Boston warehouse/distribution building built to suit for Best Buy Stores, which is occupying it on a long-term lease. Located at 140 Depot St. in Bellingham, Mass., the center is expandable and features pre-cast concrete construction, cross-docking, a 36-foot clear height, ESFR sprinklers and excess trailer parking. It will be used primarily as a regional distribution center for home delivery of large items, along with some service/repair and dispatching and scheduling work.


 
Recent Investment Headlines
AECOM Signs 51,300-SF Lease at Atlanta’s One Midtown Plaza
May 19, 2009
AECOM has signed a 11-year lease for 51,337 square feet of office space at Atlanta’s One Midtown Plaza.
Orinda, Octagon Eye Strong Area Fundamentals for Atlanta Conversion Project
Jun 03, 2009
The nationwide downturn in employment is chipping away at demand in the apartment market, but there are still those communities here and there where the call for more rental accommodations remains relatively strong. To that end, Orinda Corp. and Octagon Capital Partners, having found just such a community, have acquired a 350,000-square-foot office building in a college-laden district of Atlanta for a $35 million apartment conversion project.
Post Sells Atlanta, Fairfax Properties for $100 Million
Jul 24, 2009
Post Properties Inc. sold Post Ridge in Atlanta to a locally based entity affiliated with Centennial Holding Company L.L.C. for $44.8 million following Monday's sale of Post Forest in Fairfax, Va., to an entity affiliated with Pantzer Properties Inc. for $57.5 million. CB Richard Ellis Inc. brokered the most recent transaction, while the Post Forest deal was brokered by Holliday Fenoglio Fowler L.P. The REIT expects to report net gains of approximately $54 million relating to the sales.
Alter Plans 180-Acre Industrial Project Near Atlanta
Jul 09, 2009
The Alter Group has announced plans to acquire King Mill, a 180-acre site in Henry County, Ga., south of Atlanta, where it will develop a two-phase industrial park.
Turner to Build $93M Atlanta Office for CDC
Jul 20, 2009
Turner Construction Co. has been selected by the Centers for Disease Control and Prevention to provide design/build services for a $93 million, 311,000-square-foot office complex.
Harrah's Cherokee Kicks Off Next Phase of $633M Expansion Despite Lackluster Gaming Market
Jul 13, 2009
With the recession in full swing, fewer people are taking chances at the gaming tables, but that is not stopping the Eastern Band of the Cherokee Nation from moving forward with its $633 million expansion of the Cherokee Casino & Hotel in Cherokee, N.C. Tribal leaders just broke ground on the 532-room hotel segment of the property's massive upgrade.
Cobalt Capital Takes 1.7MSF Atlanta Industrial Portfolio
Jun 25, 2009
Cobalt Capital Partners L.P., through its Cobalt Industrial REIT II affiliate, has acquired a 1.7 million-square-foot, nine-building industrial portfolio in Atlanta.
 
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?CPN Executive Outlook? A roundtable discussion on market strategies with John C. Cushman III, Chairman of Cushman & Wakefield, Inc., Gordon DuGan, President and CEO of W. P. Carey & Co., and Mark Rauenhorst, Chairman and CEO of Opus Group.; CPN; Cushman & Wakefield; Gordon DuGan; John C. Cushman III; Mark Rauenhorst; Opus Group; W. P. Carey & Co.; Eugene Gilligan, Senior Editor for Commercial Property News interviews Bob Bach, National Director, Market Analysis Grubb & Ellis Company at Multi Housing World.; Bob Bach; Commercial Property News; Eugene Gilligan; MHN; Multi housing news; multi housing world; hompage