Business Specialties
WEDGE Snags Houston-Area Office Building
An HFF advisory and debt placement team represented the seller and arranged a long-term, fixed-rate acquisition financing on behalf of the borrower.
GTT Communications Signs New Lease in Austin
The internet service provider will occupy roughly 45,000 square feet of office space at KBS Realty Advisors’ Stonebridge Plaza I and II.
Terreno Picks Up Newark Industrial Asset for $6M
The company completed the transaction with the help of $55 million in acquisition financing, secured by a nine-property portfolio located mostly in the Jersey cities of Newark and Kearny.
AREA15 to Bring Immersive Retail, Entertainment to Las Vegas
Real estate development firm Fisher Brothers and creative agency Beneville Studios have teamed up to deliver the 126,000-square-foot project by late 2019.
NorthMarq Arranges $157M Loan for Bay Area Office Project
Borrowers Bohannon Development Co. and Alexandria Real Estate Equities will use the financing to develop the 521,000-square-foot Phase II of Menlo Gateway, which will be occupied by Facebook.
Lee Harvard Shopping Center in Cleveland Trades for $13M
Arnold J. Eisenberg Inc. facilitated the sale of the 190,000-square-foot retail asset on behalf of the seller, Excelsior Capital Partners.
Liberty Property Trust Sells Office Building at Philly Navy Yard
The $130.5 million acquisition of a building that’s fully leased to pharma giant GlaxoSmithKline marks the second major purchase for Korea Investment Management in Philadelphia.
‘War for Talent’ Drives CRE Activity in Dallas-Fort Worth
DFW’s business-friendly environment, quality of life and well-educated labor pool help attract companies to the region, which has an unemployment rate running below the national average.
Historic San Francisco Hotel Changes Management
Sonesta International will operate the 372-key luxury property. The asset, placed in the heart of the Tenderloin neighborhood, opened in 1915.
Is It Time for a Change?
Does your property need an update? Or have you recently completed some construction? This month, Commercial Property Executive and Kingsley Associates partnered to find out what tenants think of renovations.