Finance
Thackeray Partners JV Sells NC Distribution Center
Boston-based NorthBridge Partners acquired North 70 Distribution Center. The 260,000-square-foot facility in Durham was fully leased at the time of sale.
Houston MOB Gets $28M in Financing
Part of the refinancing will be used to revamp the roughly 192,000-square-foot building in The Heights neighborhood. Tenants include CuraHealth and St. Joseph Medical Center.
Ohio Mixed-Use Center Gets $172M Refi
The floating-rate loan for the owners of Pinecrest in a Cleveland suburb was provided by Square Mile Capital Management LLC and replaces existing construction debt.
Private Lenders Look Past Turbulence
These high-yield lenders are less likely to back away from complex investment and development deals or hairy market conditions.
George Smith Partners Opens NYC Office
The expansion to Manhattan marks the Los Angeles-based capital markets advisor’s first location on the East Coast. Ed Steffelin will head the new outpost in his capacity as senior vice president.
Lightstone Launches Debt Platform
Borrowers will have access to first-lien and mezzanine loans for bridge and construction financing projects. The company plans to provide nearly $500 million within the first year.
Office Park in Tampa Changes Hands
An affiliate of Chrysalis Health has acquired Gulf South Center, a 98,000-square-foot, six-building asset in Tampa, Fla. The new owner plans to upgrade the property.
Cushman & Wakefield Arranges Sale and Financing of Tampa Industrial Facility
The firm’s sales team represented the seller and its Equity, Debt & Structured Financing Group secured the financing for the acquisition of the 201,620-square-foot asset.
Asana Partners Buys Atlanta Retail Asset
The Trader Joe’s-anchored shopping center in the city’s Midtown submarket contains more than 110,000 square feet along the Eastside BeltLine trail.
How Coworking Affects Asset Values
CBRE sampled recent office sales around the country to assess the influence of flexible workspace on cap rates and property values.