Business Specialties
Intense Competition Fuels Capital Source Convergence in 2018
Distinctions among capital sources are blurring as the global search for yield heats up, intermediaries and lenders concurred at MBA’s annual finance conference last week in San Diego.
Public Storage Expands CA Portfolio
The company has opened a 350-unit self-storage facility in Gardena, Calif. The property will serve the nearby South Bay cities as well.
NAI Partners Negotiates Houston Office Lease
Renovated in 2013, 515 Post Oak Blvd. is a LEED-certified 273,710-square-foot high-rise. The property was roughly 17 percent vacant at the time of the transaction.
Repositioning of Queens Asset Lands $81M in Financing
NKF Capital Markets arranged the loan on behalf of Normandy Real Estate Partners, for the acquisition and repositioning of 25-11 49th Ave. in Long Island City.
Magellan Completes $375M Investment Strategy
The company sold two Commerce, Calif. industrial properties for a total of $77.6 million, finishing off its three-year investment, development and disposition value-add plan.
Brennan, Arch Street Team Up for Sale-Leaseback Deal
Located in four East Coast states, the properties total 2.3 million square feet. The BlueLinx portfolio boosts the JV’s single-tenant net-leased industrial holdings to more than $1 billion.
4,000-Key Resort Planned for Dormant Vegas Site
The 25-acre parcel that has been home to the remnants of the unfinished and ill-fated Fontainebleau casino hotel project for nearly a decade will finally come to life as The Drew Las Vegas.
Seattle Mid-Rise Lands $82M Refi
HFF arranged the loan for the 182,346-square-foot, Class A property on behalf of Urban Visions. 200 Occidental is located in the Pioneer Square submarket of the metro.
HOLT CAT to Open First Regional Facility in Georgetown, TX
For the construction of the 85,000-square-foot property, the city council approved an economic development agreement that could exempt the company from up to $1.5 million in sales taxes.
Market Street Redevelopment Gets $54M in Financing
The suburban Minneapolis mixed-use project will contain 100 luxury apartments set atop 33,000 square feet of street retail and a parking structure.