Business Specialties
Lingerfelt Acquires Norfolk Waterside Marriott
The company purchased the 405-key hotel and plans on implementing a $25 million renovation program. CommonWealth Lodging Management, Lingerfelt’s hotel management affiliate, will operate the hotel.
Austin Office Campus Lands $64M
HFF arranged the five-year, floating rate loan through Wells Fargo for Amber Oaks, a nine-building, 543,544-square-foot Class A office campus. The debt replacement team worked on behalf of the borrower, Menlo Equities.
NY-Area Retail Centers Land $663M Refi
The refinanced portfolio comprises 98.1 percent leased retail centers anchored by grocery stores, including ShopRite, Aldi, Home Depot and more. The loans include 14 fixed- and two floating-rate facilities with terms ranging from seven to 13 years.
CBRE Wins $200M Contract for NY Public Library Revamp
Architecture firms Mecanoo and Beyer Blinder Belle are behind the project design. Upgrades will make way for a five-story wall of book stacks, new meeting rooms, 17,000 square feet of reading and study space and more.
Holder Properties Sells 4 Office Buildings in Charleston
As part of the deal, Holder Properties has agreed to continue to manage the buildings on behalf of the new owners. Each property boasts a mix of local, regional and national tenants.
AEW Sells NJ Industrial Complex for $53M
A partnership bought the four-building asset in Pine Brook, N.J. The 530,000-square-foot property is 60 percent leased to tenants including Samsung Electronics and Pitney Bowes.
Tyson Foods to Invest $300M in 5th TN Plant
The chicken production facility will be built in Humboldt. Roughly 1,500 new jobs are expected to be created once the project becomes operational in late 2019.
Radisson Hotel Opens Near Charlotte Airport
Recently, the 91-key hotel underwent a major renovation. Located within a 15-minute drive from the Charlotte Douglas International Airport, the hotel can host events for up to 800 people.
Columbus-Area MOB Changes Hands
David Hartsook, John Hall and Kevin Connor of CBRE’s Columbus office represented the seller, Bradenton Pediatric Building Co.
C-PACE Funding Granted to Houston Office Asset
The deal marks the eighth C-PACE loan that Petros has funded in Texas and its second in Houston. The funds will be used for energy upgrades to a Houston office building located at 1225 North Loop West.