Investment
Columbia, Allianz Form $1.3B Partnership
Each company is contributing one or more unencumbered assets to the JV. Besides New York City and San Francisco, the firms are eyeing Boston and Washington.
USF Taps Skanska for $41M Tower
Construction of the education and research high-rise is expected to begin next month with an anticipated completion date of December 2019.
Frost Bank Tower Lands $123M Refi
Earlier this year, the 33-story office property in Austin won The Outstanding Building of the Year Award for the Southwest region in the 1 million square feet category.
The Fallon Co. Shells Out $25M for Charlotte Office Asset
The firm purchased the 12-story Cameron Brown Building in Charlotte’s Second Ward to serve as its regional headquarters. The Fallon Co. plans to make further investments in the growing market.
Terra Group Receives $32M Loan for Miami Development
Mary Street will mark the first delivery of a Class A office building in Miami’s Coconut Grove neighborhood in more than 25 years. Construction will break ground in August 2017.
Boston Mixed-Use Development Lands $80M Financing
The borrower and new owner of Suffolk Downs plans to redevelop the horse racing facility into a mixed-use project including office, retail, housing and open space.
Rockefeller Nabs 228-Acre NJ Industrial Site
The disposition of the property comes three years after Lincoln Equities and Real Capital acquired it from Dow Chemical subsidiary Union Carbide.
Atlanta Property Group Nabs 1.3 MSF Office Portfolio
The six properties are located across Charlotte, N.C.; Pittsburgh, Pa.; and Orlando and Tampa, Fla. The transaction marks APG’s first investment venture outside metro Atlanta.
Mill Steel Co. Expands While Debuting in Houston
The flat-rolled steel supplier entered the Texas market by opening a new, 100,000-square-foot facility in Houston.
NAI Closes Bay Area Shopping Center Sale
The company represented both the buyer and the seller of the 50,047-square-foot neighborhood center in Newark, Calif., in this off-market transaction.