Business Specialties
San Diego Convenience Center Changes Hands
Capstone Advisors sold the roughly 15,000-square-foot retail center. CBRE represented both parties in the deal and secured acquisition financing.
Avison Young to Manage Another 502 KSF in Broward County
With the addition of Principal Real Estate Investors’ three industrial assets, the firm’s property management portfolio in Florida reached 22 million square feet to date.
AT&T Signs VPPAs for 960MW of Wind, Solar
The company estimates that its renewable energy purchases will reduce greenhouse gas emissions by an amount equivalent to powering more than 560,000 homes for one year.
New York Retail Property Trades in 1031 Exchange
The Kempner Corp. sold the 25,000-square-foot retail asset in Mount Kisco. HomeGoods is the anchor tenant of the building.
Mesa West Provides $72M Loan for Dallas-Area Office Campus
Equus Capital Partners purchased the 300,000-square-foot Legacy Place and intends to renovate the property’s two identical buildings.
Downtown Raleigh Office Tower Lands $80M Refi
Heritage Properties secured the M&T Bank financing for One Glenwood. The deal closed immediately after the company obtained a $73 million construction loan for its Bloc[83] project.
Google Signs 18 Deals for 1.6GW of Renewable Energy
The transactions span the globe and include investments in the U.S., Chile and Europe.
ACORE Capital Provides $182M Refi for DC’s Portals III
The owner of the mixed-use property will use the loan to refinance an existing loan, lease up available spaces and fund capital improvements.
Newmark Knight Frank Arranges $200M Refi for Manhattan Property
The company’s Debt and Structured Finance team facilitated the recapitalization of two connected office buildings totaling more than 220,000 square feet.
Normandy Sells DC Office Building for $105M
The seller had purchased the I.M. Pei-designed property out of foreclosure a little more than a year ago.