Business Specialties
MCR Closes $300M Hospitality Fund
The seventh-largest hotel owner-operator in the U.S. added 11 hotels to its first fund and has an additional five hotel deals in its pipeline.
Kogut Commercial, Mittman Break Ground on TX Medical Office
The Class A property in San Marcos is already more than one-third preleased and will join a wide variety of other development projects in the fast-growing city.
Hollywood Retail Property Trades for $61M
Lee & Associates-LA North/Ventura represented Cahuenga Lofts and Ivar Group in the sale of Space 15 Twenty, a 40,000-square-foot shopping and dining destination along the trendy Cahuenga Corridor.
JLL Secures 281 KSF South FL Industrial Lease
Windward Design Group is planning to centralize its seven locations into one main manufacturing and distribution headquarters in Sarasota later this summer.
Citizens Bank Provides $185M Loan for SF Office Tower
Phase 3 Real Estate utilized the funds to refinance Genesis South Tower, a 336,400-square-foot lab and office property located within a three-building life sciences development.
Velocis Sells Houston Office Campus
The Echo Lane campus comprises two buildings totaling 189,162 square feet. Since purchasing it in 2012, the firm raised the occupancy rate from 83 percent to 97 percent.
American Realty Advisors Acquires Houston Retail Center
Fidelis Realty Partners and BayNorth Capital sold Tanglewood Court, a three-building shopping project built in 2014. The property is currently fully leased.
Inside Convene’s New Manhattan HQ
Take a virtual tour of 101 Greenwich, the soon-to-be flagship location of the workplace hospitality provider. Bentall Kennedy and Cove Property Group recently redeveloped the asset.
Aztec Group Arranges $6M Financing
The company secured a seven-year fixed rate loan through BankUnited, on behalf of Reo Center Tampa LLC, for the acquisition of the Westshore Center office building in Tampa.
TerraCap Snags $39M Orlando Office Portfolio
HFF represented the seller, an affiliate of Banyan Street Capital and funds managed by Oaktree Capital Management, in its disposition of Resource Square I and III, two Class A properties totaling 244,549 square feet.