Business Specialties
Top Financiers on What Keeps Them Up at Night
Despite transactional and political uncertainty in the first half of 2017, the commercial real estate capital markets held strong, with plenty of capital and solid lending competition creating a robust financing environment for borrowers across all sectors.
Kimco Breaks Ground on 1 MSF Retail Project
Phase I of Dania Pointe will feature 300,000 square feet, which is already 80 percent pre-leased to a variety of brands. The development is located 10 minutes from the Fort Lauderdale-Hollywood International Airport and Port Everglades.
Faris Lee Arranges Inland Empire Retail Sale
Fontana Southridge Partners LP purchased Southridge Plaza, a 119,359-square-foot retail center in Fontana, Calif., anchored by Rio Ranch Market.
Lincoln Facilitates Office Lease in Atlanta Suburb
Michael Howell of Lincoln Property Co. worked on behalf of the landlord in the lease negotiations, while CBRE’s Bill Kilborn represented the tenant.
Catering Company Coming to Tampa Office Building
Cushman & Wakefield’s Mercedes Angell and Lauren Coup represented owner Denholtz Associates in the lease negotiations. This will be the tenant’s third Tampa location.
Frisco Retail Center Lands Financing
Victory Real Estate Group arranged a non-recourse mortgage for Victory Shops at Eldorado. The 13,600-square-foot shopping center in Frisco, Texas, is currently fully leased by a donut shop, nail salon and dentist offices.
JV Acquires 110 KSF Portland Office Building
KBS Realty Advisors and True North Management Group purchased a 109,725-square-foot asset in downtown Portland, Ore. CBRE arranged a $26.8 million, three-year term acquisition loan.
PSG to Build 110 KSF Baltimore Self-Storage Facility
In a deal brokered by Savills Studley, the company acquired an 8,100-square-foot flex building. The new owner plans to redevelop it into an Extra Space Storage property.
NC Charter School Commands $9M
The deal marks Charter School Capital’s first acquisition in the state. The company plans to expand the facility to accommodate the school’s further growth.
Upgrades Underway at Suburban Atlanta Office
The modernization project includes enhancements to the building’s exterior and interior features in order to transform it into a highly amenitized, 21st-century office community.