Business Specialties
NKF to Lease Redeveloped Mall in NY
Lesso Mall Development Long Island Inc. will transform the former Source Mall and Fortunoff building into a mix of home furnishings showcase, restaurants, community centers and co-working space.
Provident Bank Secures Refi for NJ Business Park
Denholtz Associates plans to replace the parking areas and roofs, as well as repair the façades of the 11 buildings it owns within the 16-asset Bridgewater Business Park.
Intense Competition Fuels Capital Source Convergence in 2018
Distinctions among capital sources are blurring as the global search for yield heats up, intermediaries and lenders concurred at MBA’s annual finance conference last week in San Diego.
Public Storage Expands CA Portfolio
The company has opened a 350-unit self-storage facility in Gardena, Calif. The property will serve the nearby South Bay cities as well.
NAI Partners Negotiates Houston Office Lease
Renovated in 2013, 515 Post Oak Blvd. is a LEED-certified 273,710-square-foot high-rise. The property was roughly 17 percent vacant at the time of the transaction.
Repositioning of Queens Asset Lands $81M in Financing
NKF Capital Markets arranged the loan on behalf of Normandy Real Estate Partners, for the acquisition and repositioning of 25-11 49th Ave. in Long Island City.
Magellan Completes $375M Investment Strategy
The company sold two Commerce, Calif. industrial properties for a total of $77.6 million, finishing off its three-year investment, development and disposition value-add plan.
Brennan, Arch Street Team Up for Sale-Leaseback Deal
Located in four East Coast states, the properties total 2.3 million square feet. The BlueLinx portfolio boosts the JV’s single-tenant net-leased industrial holdings to more than $1 billion.
4,000-Key Resort Planned for Dormant Vegas Site
The 25-acre parcel that has been home to the remnants of the unfinished and ill-fated Fontainebleau casino hotel project for nearly a decade will finally come to life as The Drew Las Vegas.
Seattle Mid-Rise Lands $82M Refi
HFF arranged the loan for the 182,346-square-foot, Class A property on behalf of Urban Visions. 200 Occidental is located in the Pioneer Square submarket of the metro.