Mihaela Coste
Historic Baltimore Mixed-Use Asset Changes Hands
Clipper Mill comprises approximately 141,000 square feet of former mill buildings that were converted into Class A apartments, creative office and artisan space.
Bell Works Lands $70M in Financing
Somerset Development is transforming the two million-square-foot property into an indoor “downtown area” with retail on the ground floor, office and hotel on the upper floors, as well as single-family and townhomes.
HFF Secures Orlando Retail Center Refi
The grocery-anchored center recently underwent significant renovations, including updates to the façade, storefronts, landscaping and parking areas.
Seritage, GGP Trade $248M in JV Transactions
The joint venture will continue to own four properties on a 50/50 basis. These assets are located in Texas, Washington, Massachusetts and Oklahoma.
Downtown Miami Industrial Asset Sells for $37M
The 109,637-square-foot property serves as a last-mile warehouse and retail packaging center for FedEx. The company recently extended its long-term lease.
Indianapolis Industrial Portfolio Changes Hands
The two multi-tenant, fully leased assets totaling 480,000 square feet traded with help from Avison Young’s National Industrial Capital Markets Group.
Natixis Originates $55M Redevelopment Loan for Philadelphia Retail Asset
Sun Equity Partners plans to rebrand the former 429,617-square-foot Cheltenham Square Mall as Greenleaf at Cheltenham. The asset is 60 percent leased.
Ashkenazy Buys Iconic London Hotel
The sale of The Grosvenor House represents the most significant single-asset hotel deal in U.K. history and reflects the new owner’s plans to expand its global footprint.
Terra Group Receives $32M Loan for Miami Development
Mary Street will mark the first delivery of a Class A office building in Miami’s Coconut Grove neighborhood in more than 25 years. Construction will break ground in August 2017.
Boston Mixed-Use Development Lands $80M Financing
The borrower and new owner of Suffolk Downs plans to redevelop the horse racing facility into a mixed-use project including office, retail, housing and open space.