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Ortega family investment company Pontegadea bought five logistics centers in the US states of Tennessee, South Carolina, Virginia, Pennsylvania and Texas from Realty Income Corp. for about $722 million.
Exclusive survey results predict rising commercial real estate allocations, with wealthy individuals investing in both public and private real estate vehicles.
California’s extreme heat is threatening operations at its data centers, reports CNN Business. Traffic in U.S. downtowns rose in August, according to Chain Store Age. These are among today’s must reads from around the commercial real estate industry.