News

The REIT acquired the portfolio for $153.4 million.

But there is no guarantee the deal will close.

Port of Brunswick reported a 44% YoY increase in April.

"The purchase price is reflective of the low amount of credit risk in the portfolio."

As pressure hits consumers, it ultimately transfers to commercial real estate.

Measure ULA, approved by California voters in November 2022, added a 4% property transfer tax on real estate deals.

The plan was to transform the campus into a new government center and develop the old property into a mixed-use complex.

Dustin Ballard joins the company as Managing Director