Business Specialties
Faris Lee Closes Stockton Retail Deal
West Hammer sold the 15,314-square-foot multi-tenant retail strip center for $7.1 million. The 1031 exchange buyer was attracted to the asset’s location and the triple-net lease structure.
Nation’s Greenest Office Markets: CBRE Report
The study found that institutional owners continue to seek green building certifications across the 30 largest metros of the U.S. Of all the properties surveyed, 10.3 percent have Energy Star labels while 4.7 percent are LEED certified.
Blackstone to Acquire Leading Exhibit Space Provider
The company will be joined by Firestone Investments in the acquisition of International Market Centers. The transaction is on track to close in the third quarter of 2017.
Columbia, Allianz Form $1.3B Partnership
Each company is contributing one or more unencumbered assets to the JV. Besides New York City and San Francisco, the firms are eyeing Boston and Washington.
USF Taps Skanska for $41M Tower
Construction of the education and research high-rise is expected to begin next month with an anticipated completion date of December 2019.
Frost Bank Tower Lands $123M Refi
Earlier this year, the 33-story office property in Austin won The Outstanding Building of the Year Award for the Southwest region in the 1 million square feet category.
The Fallon Co. Shells Out $25M for Charlotte Office Asset
The firm purchased the 12-story Cameron Brown Building in Charlotte’s Second Ward to serve as its regional headquarters. The Fallon Co. plans to make further investments in the growing market.
Northwell Health Inks Lease at Greenwich Lane in NYC
The health care provider will open a new community facility within the state-of-the-art condominium complex in order to serve local residents. The 199-unit asset is jointly owned by Rudin Management Co. and Eyal Ofer’s Global Holdings.
Kearny Real Estate Expands San Diego Team
The company has strengthened its property management practice with the addition of Director Sonia Miró, Associate John DeSantis and Administrator Teresa Souris.
BOMA Announces New Officers
Appointments were made in the form of a new chair & elected officer, secretary & treasurer, chair-elect and vice chair.