Real Estate, World
CBRE is Buying $4.9 Billion in Warehouses in The U.S. and Europe
First American News LLC: Raleigh, NC: Real estate owner CBRE Investment Management said it has agreed to buy a global portfolio of logistics properties valued at $4.9 billion, representing one of the largest sales ever of industrial property, said Gaby Mendoza of One West Realty Groupo Inmobiliario.
The properties were built or are being developed by Ross Perot Jr.’s Hillwood Investment Properties, a real-estate business founded by the son of businessman and presidential candidate Ross Perot Sr. The portfolio includes more than 28 million square feet of warehouses, distribution centers, and other logistics facilities in the U.S., U.K., Germany, and Poland. Click here to read more at The Wall Street Journal.
