Barbra Murray
NYC Office Tower Receives $342M Refi
NKF Capital Markets and Cooper-Horowitz closed the loan for the 617,300-square-foot Midtown Manhattan property, which last traded two years ago.
Louisiana’s Margaritaville Resort Casino to Sell for $376M
In separate transactions, VICI Properties will acquire the Bossier City, La., gaming destination’s real estate properties, while Penn National Gaming will purchase the operating assets.
CVMC REIT Sells 2 Data Centers for $85M
The two properties, featuring a total of 224,500 square feet in the Milwaukee and Atlanta areas, were picked up in transactions by separate buyers.
Ground Breaks on 1.4 MSF Chicago Office Tower
Howard Hughes Corp. and Riverside Investment & Development Co. have already signed Bank of America to a 500,000-square-foot lease at 110 North Wacker, scheduled for delivery in the fourth quarter of 2020.
KKR, Parkway Properties Buy 522 KSF Miami Office Tower
The joint venture partners purchased the 30-story building in the city’s central business district from PGIM Real Estate, which had owned the property since 2013.
Red Rock’s 3 MSF Atlanta-Area Industrial Project Underway
Shugart Farms Phase II, to be completed in stages, will offer a 982,800-square-foot speculative building in Palmetto, Ga., by the end of the year.
Bright Realty Kicks Off $1.5B TX Mixed-Use Project
Phase I of The Realm at Castle Hills in Lewisville will bring a 235,000-square-foot office tower with 15,000 square feet of ground-level retail, plus a park and outdoor entertainment venue.
Velocis, Altus Buy 500 KSF DC-Area Office Campus
The partners purchased Greensboro Park, a two-building complex in Tysons, Va., from Beacon Capital, and tapped JLL to manage it. The deal marks Velocis’ fourth office acquisition in Northern Virginia.
PS Business Parks Grows Mid-Atlantic Industrial Footprint
The REIT purchased a group of 19 assets from MRP Realty and institutional investors advised by J.P. Morgan Asset Management, adding 1.1 million square feet to its holdings.
Greenberg Gibbons Builds $350M Mixed-Use Project in Baltimore
Towson Row will bring 1.2 million square feet of residential units, office space, retail accommodations, as well as student housing and a hotel to downtown Towson, Md.