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CIP will use the funds to acquire industrial parks and truck logistics facilities throughout Texas, the Southeast and the West Coast.
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The El Dorado Police Department on Tuesday announced that an individual has been arrested and charged in relation to Monday's widespread Internet outage.
CIP Real Estate LLC is continuing its recent acquisition push with the addition of a big business park in Northern California. The Irvine-based company recently bought Clipper Court Commerce Center in Fremont for $103.5 million.
A big tech and manufacturing complex in Fremont has been bought in a deal that suggests Bay Area real estate still maintains islands of strength despite a wobbly economy.