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Monthly Archives: December 2014

INDUSTRIAL OUTLOOK: Housing, E-Commerce Expected to Drive Warehouse Markets Higher in 2015

The U.S. industrial real estate market’s amazing run shows no signs of slowing as the new year approaches. Posting an incredible 19th consecutive quarter of falling vacancy rates to reach its lowest national level in nearly 14 years, ending 2014 at 7.2%.

Given optimistic forecasts for domestic growth in 2015, analysts expect 2015 to be another strong year for industrial space demand. Consensus growth forecast of around 3.5% in gross domestic…

CNL Healthcare Buys 9 Medical Buildings for $238M

In one of the larger medical office transactions of the year, CNL Healthcare Properties acquired nine medical facilities totaling 907,300 square feet in North Carolina and Georgia for $238 million.

The Class A medical buildings, all anchored by large health systems, are 92% leased in aggregate. The seller, Meadows & Ohly, a developer and manager of health care real estate in the eastern U.S., will continue to lease and manage the properties on…

BB&T Financial Center Sold for $60M

Charlotte, NC investor Ray Gee and Atlanta investor Tyson Rhame have partnered to acquire the BB&T Financial Center at 200 W. Second St. in Winston-Salem, NC. Inland Private Capital Corp. (IPCC) sold the building for $60 million, or $250 per square foot, in what is the largest single-asset office transaction in the market this year.

Built in 1986, the 20-story, 240,000-square-foot, 4-Star office building occupies a prominent location in Winston…

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