Business Specialties
FCP, Fairfield Properties Acquire NY Lone Star Portfolio
The joint venture paid $472.5 million for the seven properties, which encompass 1,496 apartment units. FCP provided $100 million in preferred equity investment toward the acquisition.
Hines Buys 430 KSF Campus in San Francisco Bay Area
Oakmead West, a complex of office/R&D buildings in Sunnyvale, last changed hands in 2013, when Deutsche Asset & Wealth Management acquired it for $119 million.
South FL State Agencies Ink 19 KSF Leases
The Florida Department of Corrections and the Florida Department of Children and Families are the newest tenants at Lauderdale Marketplace in Lauderdale Lakes. Berger Commercial Realty/CORFAC International arranged both leases.
Piedmont Sells DC Office Asset for $170M
The Class A, nine-story property’s tenant roster includes several government tenants. The previous owner renovated the building five years ago.
Rosewood Miramar Beach Opens Near Santa Barbara
The 161-key Montecito property is the first ultra-luxury resort in Southern California to feature guestrooms set directly over the sand, according to developer Caruso.
Midtown Manhattan Office Reaches Full Occupancy
The Domestic and Foreign Mission Society of the Protestant Episcopal Church owns the 11-story building, now the home of H&D Physical & Occupational Therapy.
NJ Logistics Properties Land $52M Financing
The loan comprises a senior mortgage and a line of credit, which will pay off existing debt and facilitate the acquisition of equipment and the construction of an additional warehouse.
Finding Tax Savings in Free-Trade Zones
The FTZ Act prohibits state and local taxes on tangible personal property. Here’s what you should know about the potential for reducing your tax bill. .
The Rise of Debt Funds
The number of debt funds and non-traditional lending sources has grown throughout this cycle. Is that a reflection of temporary market forces or have they become a permanently larger part of the commercial mortgage landscape?