Business Specialties
Rexford Acquires, Sells Industrial Properties in CA
The company bought Safari Business Center in Ontario for $141.2 million and sold a two-building property at 2535 Midway Drive in San Diego.
Diamond Dealers Club Relocates to International Gem Tower
In a deal brokered by Extell Development, the diamond trade giant acquired a commercial condo on the tower’s 11th floor.
Grandbridge Secures 221 KSF Minnesota Industrial Loan
The company arranged the five-year non-recourse, fixed-rate loan through Nationwide. The loan closed with an interest rate of less than 4 percent.
Texas-Based Bank Opens First Office in South Florida
Woodforest National Bank is operating a temporary office at New River Center until July, when the new office build-out is scheduled for completion.
First Industrial Sells Two SLC Industrial Buildings
Newmark Grubb ACRES has arranged the sale of the two properties in Decker Lake Industrial Park in West Valley City, Utah, totaling 98,000 square feet. The company represented both the seller and the buyer.
JLL to Lease Office Portion of Seattle Mixed-Use Campus
Developed by SECO Development, the 2.4 million-square-foot mixed-use project will include a three-building office campus, the 383-unit luxury Bristol Residences, 30,000 square feet of retail space and a 347-key Hyatt Regency. Occupancy for the office portion is set to start as early as July 2018.
Fountain Place Is Getting a $70M Makeover
Fountain Place will undergo a series of interior improvements throughout the year. Additionally, a 10-story garage will be added to the downtown Dallas office tower. Goddard Investment Group is set to invest $70 million in the process.
Monday Properties Closes $888M NoVa Refi
The financing includes a future funding facility that will provide significant capital to meet additional long-term strategic investments and support tenant needs.
Access Industries Nabs Stake in Historic Sunset Boulevard Hotel
JK Hotel Group and Access Industries plan to refurbish the luxury 81-key property’s guest suites and its indoor-outdoor bar and dining area.
Capri EGM Nabs Comcast Denver HQ
Inova I marks the firm’s second major build-to-suit acquisition this year. From an investment perspective, demand for these assets has been strong over the last several years and continues to rise.