Business Specialties
NY Investor Grabs 288 KSF NJ Office Asset
In an off-market transaction brokered by Cushman & Wakefield, Shelbourne Global Solutions acquired Perryville III in Hampton, N.J., for $19.9 million. The firm has rebranded the property as Shelbourne at Hunterdon.
Seattle Office Building Commands $330M
A German investment firm is the new owner of Midtown21, a 21-story tower MetLife Real Estate and Trammell Crow Co. developed in the high-growth Denny Triangle.
Retail Outlook Not So Dire
The retail picture is not as dark as you think, according to a panel at the NAREE Real Estate Journalism Conference. Evolution is bringing new life to empty sites.
Mega-Reuse Project Moves Forward in LA
HFF worked on behalf of Atlas Capital and Square Mile to orchestrate a partial sale and refinancing for Row DTLA, a 1.8 million-square-foot redevelopment of a former industrial site in the Arts District.
Florida 645 KSF Office Park Welcomes New Tenants
Two wireless companies will occupy approximately 40,000 square feet of office space at Sawgrass Technology Park in Sunrise, Fla. The asset is currently 36.6 percent vacant.
Olympic Metals Breaks Ground on $8M Mixed-Use Asset
The company is relocating its headquarters from Commerce City, Colo. to Centennial, Colo. The new 62,000-square-foot facility will be located near Denver Tech Center.
South Denver Office Campus Lands $66M Refi
JLL’s Capital Markets negotiated a $66 million loan for the refinancing of a 413,518-square-foot asset in Greenwood Village, Colo. The 10-year term loan features a 4.6 percent fixed interest rate and has a 30-year amortization schedule.
CBRE Leases Entire San Leandro Industrial Development
Wayfair and CEVA Freight have inked leases for the 163,000-square-foot property before its completion, as CBRE research points to a high demand for 32-foot clear height and ESFR sprinkler systems.
HFF Breathes $75M Into South SF Genesis Project
Phase 3 Real Estate Partners Inc. has secured the loan for the second phase of the life science campus, the construction of the North Tower, a 21-story, 390,000-square-foot building.
Scottsdale Galleria Coveted by Job-Creating Companies
Job site firm Indeed Inc. will open an office at the 537,110-square-foot building, creating up to 250 new jobs. Companies select the Scottsdale property for its access to talent, high quality of life and business-friendly environment.