Investment
BB&T Grabs Raleigh Office Building in $34M Deal
In addition to Highwoods Tower One, Highwoods Properties has agreed to sell the adjacent Highwoods Tower Two. The second transaction is scheduled to close in the second quarter of 2018.
Historic Grand Central Square Changes Hands in LA
The 100-year-old mixed-use building features Grand Central Market, one of the city’s top dining destinations. The buyer, Langdon Street Capital, plans to enhance the property’s hospitality experience.
Skanska Pitches In for $93M Cincinnati School Project
The project includes two new replacement schools, a 204,000-square-foot elementary school and a 236,000-square-foot middle and high school, both seeking a minimum LEED Silver certification.
NJ General Mills Plant Trades for $5M
The 580,000-square-foot industrial asset previously served as a Progresso soup plant. It will allow F&S Produce Co. to expand and increase its production capacity.
vXchnge Acquires 100 KSF Data Center in Austin
The facility is currently doubling its capacity and upon completion, it will provide 26 megawatts of power. The property offers convenient access to the Texas Triangle.
Frisbie Group Picks Up Palm Beach Office Asset
Located on the “Rodeo Drive of Florida”, the boutique property is home to a mix of notable tenants including The Neiman Marcus Group, Branch Banking and Trust Co., UBS and Ferretti Group.
LEGOLAND Takes NY by Storm
The $350 million amusement park will be located in Upstate New York’s Goshen and will open in 2020, offering educational programs for children.
Jernigan To Break Ground on NJ Self-Storage Facility
The company has expanded its self-storage portfolio with a $14.7 million investment in North Bergen. The facility will offer 68,000 square feet rentable space.
Olayan, Chelsfield Unveil $300M NYC Office Reno Plan
550 Madison Ave. in Midtown Manhattan will undergo modernization to its interior spaces, as well as adding high-quality amenities, world-class retail and restaurants. The renovated property is targeting LEED Gold certification and will be ready for new tenants in 2019.
ATCO-Migdal JV Snags Manhattan Office High-Rise
The 18-story building is situated in the Garment District, just steps away from Penn Station and Herald Square. Fashion designers Jason Wu, Thom Browne and Reem Bridal, along with media group Newsday, are among the property’s tenants.