Finance
Skanska To Build New MOB in Karlskrona, Sweden
The $41 million contract comprises the construction of a seven-story high-rise building of more than 129,000 square feet, slated for completion in February 2020.
Wheeler Buys Norfolk, VA Shopping Center for $86M
Several national retailers anchor JANAF Shopping Yard, which is situated approximately nine miles from Wheeler’s corporate headquarters.
Preiss Acquires 1,180-Bed Student Housing Portfolio
The portfolio includes two properties serving the University of North Carolina, Charlotte. The acquisition was funded with a 10-year mortgage.
Brooklyn Mixed-Use Development Lands $78M Loan
CW Realty will use the construction loan for the development of 187 Kent Ave., a mixed-use property located in the Williamsburg area of Brooklyn.
No Joke. It Really Is Different This Time … Right?
Today, eight years into a slow-moving recovery in which commercial real estate has outperformed most every other investment class, the discussion is moving from whether the sector is overdue for a correction to how long the recovery will run and whether the industry has finally learned the lessons of past mistakes.
JV Snags IL Office Park for $129M
Equity Office Properties Trust disposed of Central Park of Lisle I and II, an office campus in Lisle, Ill. HFF marketed the property on behalf of the seller and procured the buyer.
Berkadia Secures $136M Financing for 2 FL Properties
The Yard at Ivanhoe is a mixed-used project in Orlando, being developed by Real Estate Inverlad, while Grand Boulevard Sandestin is a 469,000-square-foot town center located in Miramar Beach.
DTLA Creative Campus Lands $122M Financing
George Smith Partners and Dekel Capital arranged the equity-and-debt package for Urban Offerings and ESI Ventures. The sponsors will use the proceeds to develop a 250,000-square-foot Class A project in the city’s Fashion District.
MetLife Investment Lines Up $73M Refi for Manhattan Office
ATCO Properties & Management is using the loan to recapitalize its 18-story building at 240-246 West 35th St. in the Garment District.
Fully Leased Tampa Office Asset Fetches $11M
Christian Tyler Properties acquired the single-story building from a private investment partnership. UnitedHealth Group currently uses the property as a corporate call center.