Business Specialties
EquiCap Brokers Sale of TN Storage Facility
The self-storage property in Soddy Daisy traded in an off-market transaction to a 1031 exchange buyer. The asset is approximately 15 miles from downtown Chattanooga.
L&L Holding JV Buys Terminal Stores in NYC for $880M
The partnership will transform a self storage space at the historic 1.2 million-square-foot property in West Chelsea into a state-of-the-art office and retail asset.
European Credit Agency Evaluates WeWork Growth
The report from Scope Ratings and Scope Risk Solutions examines the ability of the high-profile coworking space provider to maintain its growth rate and the risks it poses to building owners.
Holder Properties Completes Blackbaud’s NC Headquarters
The office campus comprises 172,000 square feet and was designed to meet LEED Gold standards. The firm will also provide property management and office services.
Record-Breaking Retail Sale Closes in Orange County
CBRE has facilitated the market’s highest-priced retail purchase of 2018, with the Huntington Beach asset changing ownership from Watt Cos. to Stockbridge.
NKF Hires New EVP for Valuation Practice
Marc Shapiro will be responsible for team management, growing the practice and managing compliance to complex international regulatory agency standards and driving revenue.
Work Begins on Final Wade Park Office Building in Raleigh
Developer Dominion Realty Partners has once again teamed up with Prudential Global Investment Management for the construction of Wade V, which will take some 20 months to complete.
Hempel Cos. Snags Minneapolis Office Asset
AtWater Group sold Concorde Executive Center, a 104,063-square-foot building in the Northwest submarket for $5.5 million. Cushman & Wakefield is in charge with the property’s management and leasing activities.
EDGE Fitness Expands into Michigan
The company will open two new clubs in Farmington Hills and Sterling Heights by the fourth quarter of 2019, as it works to expand into the Midwest and the Pennsylvania metro area.
Founders Properties Snags Columbus Assets for $21M
The deal was a portfolio transaction and it included Northwoods II and 825 Tech Center Drive. The PNL Cos. was the seller.