Business Specialties
Appraisal District’s New Austin Office to Undergo Reno
TCAD acquired the building for nearly $9 million. Improvement work at 850 E. Anderson Lane is expected to commence later in November, with completion slated for May 2020.
Hospitality Sector Sees Sustainability as Key to Success
According to a new report by the Urban Land Institute, introducing green programs and features at hotels not only adds value to properties, it provides a competitive edge.
Major Dallas Mixed-Use Secures $108M Financing
Scheduled for completion in November 2021, Weir’s Plaza is 65 percent preleased to major companies such as anchor tenant Kirkland & Ellis and coworking giant WeWork.
Everest Re Leases 315 KSF in Northern New Jersey
The reinsurance firm will relocate its U.S. headquarters to the Warren Corporate Center. Citigroup is currently in the process of moving out.
CBL Properties Sells MS Retail Center for $32M
Best Buy, Dick’s Sporting Goods, HomeGoods, Michaels and Stein Mart anchor the 216,000-square-foot retail asset located 14 miles north of downtown Jackson.
Bain Capital Sells Life Science Campus for $255M
The company teamed up with Phase 3 Partners to sell the 314,000-square-foot, Class A property in San Diego to a REIT.
GA Shopping Center Trades for $24M
The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick’s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.
Boston Mixed-Use Lands $315M Construction Loan
Madison Realty Capital will provide the financing, while Cain International will contribute most of the equity for the $400 million Raffles Hotels & Resorts tower in the Back Bay neighborhood.
MPT to Invest $1.6B in Multi-State Hospital Portfolio
To retire an existing term-loan debt, Prospect Medical Holdings entered into a sale-leaseback agreement with the trust. The deal involves assets in California, Connecticut and Pennsylvania.
Charleston Opportunity Zone Office Project Breaks Ground
Hunt Real Estate Capital is providing equity financing for the development of a 92,000-square-foot building, slated for completion in late 2020.