Business Specialties
Jacksonville REIT Pays $92M for Orlando Shopping Center
CBRE arranged the sale of the Publix-anchored retail complex on Restaurant Row corridor.
NYC Garment District Office Property Commands $108M
ATCO Properties & Management acquired the 18-story Class A office building from the RPW Group.
First Finish DC Project Receives LEED Silver Certification
Renovations included demolishing all guestrooms, expanding the lobby and adding a ballroom and rooftop amenities.
$90M Construction Financing Earmarked For NYC Office Building
Vornado Realty Trust and Aurora Capital Associates have a 20-year lease agreement with Starbucks to open its largest location yet at the new Midtown South property.
Vornado Disposes of Skyline Properties in Virginia
The transaction continues the REIT’s strategy of selling off its lower-performing Washington, D.C.-area properties.
Mi9 Retail Continues to Add Jobs in U.S
The company began its Miami-based operations in 2014 and expects to employ more than 100 people in 2017.
NewMark Merrill Wraps Up Phase I of Crenshaw Plaza Redevelopment
In addition to completing the remodeling of part of the shopping center, the firm has secured a $34 million senior loan for the recapitalization of the project.
Stryker Co. Invests $130M in New Facility in Michigan
The opening of the new facility will create more than 105 jobs.
Grover Corlew Nabs 46-Acre Office Park in Booming Orlando
The new owner plans to improve and redevelop the 21-building property over the next decade.
JV to Deliver 367 KSF Industrial Park in Charlotte
By Laura Calugar Charlotte, N.C.—A partnership between real estate investment firms Foundry Commercial and Thackeray Partners recently announced the development of a 367,000-square-foot project in Charlotte’s Southwest submarket. The project will consist of two Class A warehouses, to be known as SteelePoint. The new industrial park will capitalize on dynamic market fundamentals, including single-digit vacancy, strong user demand and limited new supply. SteelePoint will be located near the intersection of Steele Creek Road and Westinghouse Boulevard. Foundry closed on four parcels totaling 25 acres from two different sellers, which will allow SteelePoint to offer access from both Steele Creek and…