Finance
Friendly Hills Marketplace in CA Sells for $40M
CBRE and NRP-West brokered the sale on behalf of the seller, Oppidan Inc. CBRE has also arranged an acquisition loan for the buyer.
Tampa Office Park Trades for $20M
The Cushman & Wakefield team of Mike Davis, Rick Brugge and Michael Lerner represented the seller in the transaction. The new owner selected the firm as the exclusive leasing agent for the property.
Donahue Schriber Nabs San Francisco Retail Asset
The acquisition of the property, which serves three of the city’s neighborhoods, was funded by a mortgage held by TIAA.
REIT Gets SEC OK for St. Regis Aspen Resort IPO
Upon closing of the $33.5 million initial public offering, the company would become the first single-asset REIT to list on a U.S. securities exchange.
NC Office Asset Fetches $56M
HFF marketed the property on behalf of an institutional owner advised by Clarion Partners, and arranged acquisition financing with Citizens Bank.
NC Mixed-Use Project Lands $35M Financing
Trez Forman Capital Group arranged the construction loan for River Place, a luxury riverfront property in downtown Wilmington. East West Partners is the developer of the 13-story building.
Hock Plaza in Durham Fetches $142M
The medical and educational office building is home to 34 different Duke University institutes and research functions, including the Center for Autism and Brain Development.
On the Market: 5 Interesting Listings for January
This month’s listings include a VA Hall of Fame & Museum, a surgery center in San Diego and a well-priced two-story office building in Houston.
AVANA Capital Closes $60M Construction Financing
The company provided the loan to Mogul Capital for the development of a dual-branded hotel, comprising 354 guestrooms, in Hawthorne, Calif.
TSCG Closes Partial Sale of FL Retail Asset
The acquired portion of Riverside Centre in St. Augustine, currently leased to Hobby Lobby and Sherwin Williams, contains approximately 62,000 square feet.