Monmouth Buys FedEx's
Fort Myers Build-To-Suit
First Monmouth Real Estate builds the big-box FedEx distribution facility in Fort Myers, then it buys it.
New Jersey-based Monmouth Real Estate Investment Corp purchased 14001 Jetport Loop, a 214k SF distribution facility on more than 20 acres that was freshly delivered as a build-to-suit project for FedEx Ground Packaging System.
The facility, with a price tag…
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Entercom Anchoring Little River Mixed-Use Project
Entercom Communications Corp has inked a 22,500 SF lease to be the anchor tenant for The Citadel, a 62k SF mixed-use project underway at 8300 NE 2nd Ave in Miami's Little River submarket.
Avison Young's Donna Abood, Michael Fay and…
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C&W Helps Unload Two South Florida Office Projects
A private investor is channel surfing with Comcast in Miramar.
The unidentified investor purchased 15800 SW 25th St, a 92k SF operations and call center fully leased to Comcast in the Miramar Center Business Park, where some 800 employees are…
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Experts Raise 2017 Economic Outlook, Buoyed By Trump's Plans For Fiscal Stimulus
Americans are optimistic about President-elect Donald Trump's future impact on the economy, and experts agree.
All signs point to a strong economic outlook in 2017 as US gross domestic product, inflation and interest rates are all poised to increase this year.
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The Real Estate Behind The World's Largest Sovereign Wealth Funds: China Investment Corp
Sovereign wealth funds are boosting their investments in commercial real estate to diversify their portfolios and boost yields. China Investment Corp, the world's second-largest sovereign fund, manages about $814B worth of assets, according to the Sovereign Wealth Fund Institute, and has been upping its property investments as part of its long-term strategy. As of July 2016, the firm has made more than 40 real estate investments in North America, Europe, Asia and Oceania, resulting in an inflow of $10.6B. Bisnow previously brought you to the real estate of Norway's sovereign fund, now let's check out what CIC has bought in the past 24 months.
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