Business Specialties
Developers to Bring $150M Office Project to Atlanta
Atlantic Capital Properties and Gateway Ventures have secured $68 million in financing to build a 175,000-square foot office building in Atlanta’s emerging West Midtown market.
Blackstone Expands Manhattan Lease to 575 KSF
The firm has called 345 Park Ave. home for the last three decades and will soon occupy a total of 16 floors in the Rudin family-owned office tower.
Knotel Grows NYC Presence With 4 New Leases
The coworking firm signed for a total of nearly 80,000 square feet in the Flatiron District and NoMad neighborhoods of Manhattan.
StorageMart Buys 72 KSF Facility
The firm has expanded its portfolio with a 72,063-net-rentable square-foot facility located approximately 24 miles from downtown San Antonio.
Eastern Union Funding Arranges Financing for MD Storage
Developer Poverni Sheikh Group has received more than $9 million to construct a 950-unit self storage facility in District Heights, Md.
Apple to Spend $1B on Austin Expansion
The tech giant also plans to build new facilities in Seattle, San Diego and Culver City, Calif., and expand its footprint in several other locations across the U.S.
Jacksonville Industrial Property Commands $15M
BankUnited provided $10.6 million in acquisition financing to buyer IP Capital Partners. The seller had previously acquired the three-building, 600,000-square-foot portfolio in 2016.
Hackman Capital to Pay $750M for CBS’ Television City
The real estate investment and operating company will add the 25-acre Los Angeles campus to its growing media-related portfolio in a sale-leaseback transaction.
Lightstone Secures Construction Loan for FL Moxy Hotel
Canyon Partners Real Estate and CapitalSource provided an equity and debt package for the 202-key Moxy South Beach. This marks Canyon’s second investment with Lightstone.
Sizing Up Trump’s Opportunity Zone Council
Multifamily and commercial real estate tax experts say they are generally pleased but express concerns about how the program will be regulated and implemented.