David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
RIVERSIDE, CA—The first project of a JV between CT Realty and Prudential Real Estate Investors will include five industrial buildings totaling 230,672 square feet in Sycamore Canyon Business Park.
IRVINE, CA—Homeowners near a Trader Joe's have seen an average 40% increase in home value since they purchased, compared to 34% appreciation for homeowners near a Whole Foods, according to research from RealtyTrac.
DENVER—Conscience Bay Company has completed the largest industrial deal in Denver in 2015 and largest in company history with purchase of the iconic property.
LONDON—Coming from Kirkland & Ellis, Mark Mifsud, Kate Downey and Alexandra Conroy have joined the asset management team in the London-based law firm.
BELMONT, NC—Avison Young represented the seller of the 123,213 square-foot property that is fully-occupied by Industrial Distribution Group. The buyer is GCP Capital Group.
ATLANTA—Portfolio of five class A multifamily properties located in Dallas, Atlanta and South Florida, are part of an acquisition by a fund managed by Brookfield Asset Management.