Business Specialties
C-PACE Funding Granted to Houston Office Asset
The deal marks the eighth C-PACE loan that Petros has funded in Texas and its second in Houston. The funds will be used for energy upgrades to a Houston office building located at 1225 North Loop West.
Cambria Breaks Ground on SC Riverfront Hotel
The Cambria Charleston Riverview will feature 126 keys and 1,300 square feet of meeting space. Slated to open early in 2019, the hotel will be built by Freese Johnson Contractors.
USAA Sells San Antonio Office Campus
Developed in 2014 and 2015, the two-building business park is 100 percent leased through January 2017 to USAA and Harland Clarke Holdings.
Baltimore’s Tradepoint Atlantic Lands 1st Retail Tenant
Royal Farms has signed a long-term lease for a 3.7-acre stand-alone pad and is expected to start operations in late-2018.
JV Grabs Suburban MD Flex/Office Assets
RREEF has sold the properties—part of the Oakland Ridge Center in Columbia, Md.—to a partnership between Feldman Bergin Development and Fortified Property Group.
HFF Arranges $100M for CT Office Park
The company arranged the five-year, fixed-rate loan on behalf of Clarion Partners for Merritt 7, a six-building, 1.4 million-square-foot office park located in Norwalk.
HFF Secures $289M Loan for CA Luxury Community
The company secured a five-year, interest-only construction financing for MIRO, a pair of 28-story San Jose luxury apartment towers comprising more than 600 units.
Brooklyn Mixed-Use Project Lands $64M
The development, 200 Kent Ave., will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, as well as 45,170 square feet of parking. Madison Realty Capital arranged the construction loan.
Caesars to Buy Indiana Gaming Operator for $1.7B
The company, in bankruptcy not long ago, seems to see the purchase of Centaur Holdings as a safe bet. Subject to regulatory approvals and other closing conditions, the transaction is expected to close in the first half of 2018.
Tech Office Users Branch Out
With companies vying for the diminishing pool of available office space in North America’s top tech neighborhoods, surrounding submarkets are primed to benefit from the overflow of demand, according to CBRE’s annual Tech-30 report.