Finance
Alta Properties Offloads Atlanta Office for $27M
The buyer selected Avison Young to oversee property management and financed the acquisition with a five-year, $18 million loan held by Capital Bank.
Global CRE Allocations Rise, But Still Lag Targets
The latest annual survey by Hodes Weill & Associates and Cornell University examines how the world’s major institutional investors allocate investments to commercial real estate, we well as their sentiment toward the asset class.
JLL Spark Invests in AI-Powered Workspace Optimization
The proptech division of commercial real estate services firm JLL spearheaded a $1.5 million funding round for the VergeSense sensing platform.
Jacksonville Office and Industrial Complex Changes Hands
Savlan Capital paid $18.3 million for the asset, which contains nearly 195,000 square feet of flexible office and light industrial space across five buildings.
GreenOak JV Pounces on the Lion Building
JBG Smith traded the eight-story, 157,000-square-foot Class B office asset in Washington, D.C. The purchase price was $65 million.
L&L Holding JV Buys Terminal Stores in NYC for $880M
The partnership will transform a self storage space at the historic 1.2 million-square-foot property in West Chelsea into a state-of-the-art office and retail asset.
NKF Hires New EVP for Valuation Practice
Marc Shapiro will be responsible for team management, growing the practice and managing compliance to complex international regulatory agency standards and driving revenue.
Mission Capital Secures $19M Loan for Two NC Hotels
The portfolio comprises a 91-key Home2 Suites by Hilton and a 95-key SpringHill Suites by Marriott in Winston-Salem. A Milestone entity will manage the assets.
Knotel Closes $60M Funding Led by Norwest Venture Partners
The “agile workspace” provider sought the financing to expand its global footprint, which now stands at more than 1.7 million square feet.
Clean Energy Projects Get a $65M Boost
San Francisco-based Carbon Lighthouse has worked in more than 500 buildings across the U.S. and aims to cut the equivalent of 50 power plants by 2020.