Liberty Property Strikes Deal To Buy 23 Million SF Cabot Industrial Portfolio for $1.5 Billion

In a strategic bid to shift its portfolio to the industrial property sector and away from suburban office, Liberty Property Trust (NYSE: LRY) announced it has agreed to buy the operating partnership of Cabot Industrial Value Fund III for $1.475 billion. The transaction, which is expected to close in October of of this year, will add approximately 23 million square feet and 177 properties to the Malvern, PA-based REIT's industrial holdings. Approximately...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Liberty-Property-Strikes-Deal-To-Buy-23-Million-SF-Cabot-Industrial-Portfolio-for-$15-Billion/150875?ref=/News/Article/Liberty-Property-Strikes-Deal-To-Buy-23-Million-SF-Cabot-Industrial-Portfolio-for-$15-Billion/150875&src=rss

Rancho Cucamonga Industrial Sells for $9.2M

CT Realty Investors purchased the industrial property at 10401 7th St. in Rancho Cucamonga, CA for $9.21 million, or about $66 per square foot, from Waitex International, Ltd. The New York-based logistics and supply chain solutions company will lease back the entire property from the new owner. Built in 1986, the property totals 138,595 square feet on 6.1 acres located at the southwest corner of 7th St. and Haven Ave. in the Airport Area submarket...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Rancho-Cucamonga-Industrial-Sells-for-$92M/150713?ref=/News/Article/Rancho-Cucamonga-Industrial-Sells-for-$92M/150713&src=rss

Victor Valley Self Storage Trades For $3.3M

A family trust purchased the Victor Valley self-storage facility at 12250 Ridgecrest Rd. in Victorville, CA for $3.3 million, or about $50 per square foot, from a private trust. The sale represents the buyer's upleg in a 1031 exchange. The self-storage facility was built in 2004, totals 65,699 square feet, and sits on 4.2 acres located at the southwest corner of Ridgecrest Rd. and Lindero St., just off of Bear Valley Rd. to the north, in San...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Victor-Valley-Self-Storage-Trades-For-$33M/150671?ref=/News/Article/Victor-Valley-Self-Storage-Trades-For-$33M/150671&src=rss

Rancho Cucamonga Industrial Sells for $9.2M

CT Realty Investors purchased the industrial property at 10401 7th St. in Rancho Cucamonga, CA for $9.21 million, or about $66 per square foot, from Waitex International, Ltd. The New York-based logistics and supply chain solutions company will lease back the entire property from the new owner. Built in 1986, the property totals 138,595 square feet on 6.1 acres located at the southwest corner of 7th St. and Haven Ave. in the Airport Area submarket...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Rancho-Cucamonga-Industrial-Sells-for-$92M/150713?ref=/News/Article/Rancho-Cucamonga-Industrial-Sells-for-$92M/150713&src=rss

Victor Valley Self Storage Trades For $3.3M

A family trust purchased the Victor Valley self-storage facility at 12250 Ridgecrest Rd. in Victorville, CA for $3.3 million, or about $50 per square foot, from a private trust. The sale represents the buyer's upleg in a 1031 exchange. The self-storage facility was built in 2004, totals 65,699 square feet, and sits on 4.2 acres located at the southwest corner of Ridgecrest Rd. and Lindero St., just off of Bear Valley Rd. to the north, in San...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Victor-Valley-Self-Storage-Trades-For-$33M/150671?ref=/News/Article/Victor-Valley-Self-Storage-Trades-For-$33M/150671&src=rss

Eagles Will Fly at Forum Grand Reopening

INGLEWOOD, CA-In anUPDATEto GlobeSt.com’s earlier report, details have been released on the revival of the Forum as an entertainment venue. The Eagles will reopen the arena in January.

via Los Angeles http://www.globest.com/news/12_659/losangeles/development/Eagles-Will-Fly-at-Forum-Grand-Reopening-336113.html

Consistent Prospecting Is Key to Survival

LOS ANGELES-Young professional, Black Rogers, managing director of Charles Dunn Co., talks multifamily, development and three key principals that are key to “making it in the business in this EXCLUSIVE Q&A with GlobeSt.com.

via Los Angeles http://www.globest.com/news/12_659/losangeles/multifamily/Consistent-Prospecting-Is-Key-to-Survival-336077.html