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Hines Sells 300 KSF Green Building in Phoenix
In the city’s largest office deal so far this year, an affiliate of New York Life Real Estate Investors acquired an eight-story asset in the Camelback Corridor.
Carlyle Group Grows DC Presence With HQ Expansion
The global private equity firm will occupy four stories of the 804,100-square-foot trophy office building. JLL negotiated the deal on behalf of the tenant, while Cushman & Wakefield represented the owner.
Red Rock’s 3 MSF Atlanta-Area Industrial Project Underway
Shugart Farms Phase II, to be completed in stages, will offer a 982,800-square-foot speculative building in Palmetto, Ga., by the end of the year.
CBRE Brokers LA-Area Office Sale
Niagara Water purchased a three-story, 135,000-square-foot asset in Diamond Bar, Calif., and is set to remodel the interior of the building.
Silicon Valley Build-to-Suit Office Project Lands $150M Loan
Broadreach Capital Partners’ property is fully leased to tech giant Google. HFF brokered the permanent funding from a major retirement fund.
Bright Realty Kicks Off $1.5B TX Mixed-Use Project
Phase I of The Realm at Castle Hills in Lewisville will bring a 235,000-square-foot office tower with 15,000 square feet of ground-level retail, plus a park and outdoor entertainment venue.
YAM Properties Acquires Arizona’s Westgate Entertainment District
In one of the state’s largest retail deals ever, iStar sold the 76-acre mixed-use center in Glendale for $133 million after six years of ownership and a major repositioning.
Wells Fargo Grants $103M Financing for Miami TOD
Florida East Coast Industries secured the construction loan for two buildings totaling more than 300,000 square feet, part of the MiamiCentral project.
Marx Development Gets $88M in Financing for Hudson Yards Hotel
Meridian Capital Group secured the 24-month term loan from Mack Real Estate Credit Strategies. The developer plans a 42-story, Marriott-branded property across from the Javits Center on Manhattan’s Far West Side.
Velocis, Altus Buy 500 KSF DC-Area Office Campus
The partners purchased Greensboro Park, a two-building complex in Tysons, Va., from Beacon Capital, and tapped JLL to manage it. The deal marks Velocis’ fourth office acquisition in Northern Virginia.