Business Specialties
Financing a Vision at Watermark Tempe
Working against the odds, Fenix Development and George Smith Partners joined forces to assemble $150 million for the first phase of a high-end office and retail project just outside Phoenix. Here’s how.
Teaming Up for Growth at Stamford’s Harbor Point
BLT took 80 acres of industrial sites in the city’s South End and built a thriving waterfront community that is often cited as a successful public-private partnership of large proportions.
New York Adds $3B to Sustainable Investment Program
Among other steps, the state’s retirement fund—third largest in the U.S.—is committing as much as $6 billion to green investment across asset classes.
Jernigan Buys Stake in NY Self-Storage Facility
The REIT acquired its development partner’s interest in the 105,300-square-foot, multi-story facility at 1775 Fifth Ave. in Bay Shore, on Long Island.
Hampshire Cos. Enters Opportunity Zone Market
The firm is partnering with Danitom Development to redevelop 250 Essex St. in Hackensack, N.J., formerly home to the Arena Diner.
Flaherty & Collins to Develop $170M Michigan Project
The City of Warren and General Motors are the other partners involved in delivering Warren Town Center. Construction is scheduled to start before the end of 2019.
Minneapolis-Area Logistic Centers Command $26M
CBRE Capital Markets facilitated the sale of a 386,295-square-foot core-plus portfolio to Cabot Properties. The buildings were 88 percent leased at the time of the acquisition.
CIM Group, Golub & Co. Acquire Chicago Tower for $138M
The two longtime joint venture partners added 444 N. Michigan, a 36-story office tower in the heart of downtown, to their Chicago holdings.
Equus Acquires Seattle-Area Complex for $38M
The tech campus is located in the Bothell submarket and consists of more than 200,000 square-feet of office and flex space. Investcorp was the seller in the transaction.
Hertz Investment Acquires VA Asset for $79M
The company purchased Dominion Tower, an approximately 403,300-square-foot building that is the largest office property in Norfolk, Va., from Harbor Group International.