Business Specialties
137 Modell’s Sporting Goods Leases Up for Grabs
The portfolio of the venerable retailer—which just filed for bankruptcy protection—spans nine states and Washington, D.C.
Simon Property Boosts Credit Revolver to $6B
The company’s move comes in the context of a very active first quarter for both acquisitions and development.
Guardian Storage Acquires Phoenix-Area Facility
The company financed the purchase with a $14.2 million loan provided by First Bank.
Allianz Real Estate Expands Portfolio With $239M Buy
The company has closed on a major office building acquisition in Munich.
Suburban Los Angeles Retail Center Trades for $19M
The shopping complex encompasses 74,800 square feet and last changed hands in 2006.
Top 10 Office Projects Under Construction in North Carolina
The state’s diversifying economy paved the way for an influx of premier projects, particularly in booming secondary markets such as Charlotte and Raleigh.
REIT Sells Two Office Assets for $42M
Office Properties Income Trust’s proceeds from the two office sales in New Jersey and Illinois will be used for general business purposes, including repaying debt.
CIT Bank, BlackRock Originate $163M Loan Package for Industrial Portfolio
The Arden Group used the financing to assemble a 2.1 million-square-foot, 12-property portfolio across multiple states.
Swift Sells Downtown Sacramento Office Building
Cushman & Wakefield orchestrated the sale of the five-story property to New York Life Real Estate Investors five years after it last traded.
Fed Slashes Rates Again as Coronavirus Pressure Mounts
The central bank is set to keep rates close to zero until the economy shakes off the effects of the outbreak.