Business Specialties
Compass Self Storage Expands Portfolio With NC Asset
Separate affiliates of Amsdell Group LLC and Compass Self Storage LLC purchased a 70,000-square-foot self-storage facility in Whitsett, N.C. This is Compass’ fourth property in the state.
Premier Realty Nabs San Diego Office
Fenway Properties bagged $16.3 million for Wateridge Pavilion. Premier Realty Holdings Inc. plans to occupy space at the 62,427-square-foot purchased asset.
Level 3 Takes DoubleTree Irvine-Spectrum to Another Level
The 252-key property owned and operated by Pacific Hospitality Group remained operational through the 75-day renovation. Kay Lang + Associates developed the project scope.
Baltimore LEED Gold Certified Asset Changes Ownership
The buyer already owns more than 3 million square feet of space located across the state of Maryland, with some 825,000 square feet concentrated within the Towson/Timonium submarket of Baltimore County.
Salem Sells Flagship Walgreens in Hawaii
A Korean investment firm purchased the retail asset for $42.3 million. Salem is pursuing entitlements to redevelop the adjacent site to the store into a hotel/condominium project.
HFF Closes Sale, Secures Financing for Austin Office Asset
The 251,143-square-foot building is situated along the Loop 360 corridor, within walking distance from San Clemente at Davenport and Davenport Village shopping centers.
Meridian, Rockefeller Partner on DC-Area Office Tower
In a new joint venture, the partners will co-develop The Boro, a trophy office building at Meridian’s $825 million mixed-use project in Tysons, Va.
CIM Buys Brooklyn Office Building in $171M Deal
The sale is expected to close in the fourth quarter of 2017. Though barely in the top 10 tallest buildings in Brooklyn, 16 Court St. is reportedly the borough’s tallest commercial office property.
Top Financiers on What Keeps Them Up at Night
Despite transactional and political uncertainty in the first half of 2017, the commercial real estate capital markets held strong, with plenty of capital and solid lending competition creating a robust financing environment for borrowers across all sectors.
Kimco Breaks Ground on 1 MSF Retail Project
Phase I of Dania Pointe will feature 300,000 square feet, which is already 80 percent pre-leased to a variety of brands. The development is located 10 minutes from the Fort Lauderdale-Hollywood International Airport and Port Everglades.