News
Industrial Property in CA Trades for Record $214M
Pacific Industrial sold the 1.5 million-square foot property to a life insurance company. The facility is fully leased to LG Electronics and FedEx.
MCR Acquires Las Vegas Hotel
The national hotel owner-operator acquired the 139-key Hilton Garden Inn Las Vegas/Henderson, located 10 minutes from the Las Vegas Strip.
Miami Mixed-Use Complex Gets $53M Loan
Guggenheim Partners provided the permanent mortgage financing for the Coconut Grove asset. Whalou Properties purchased the office and retail development spanning more than 281,000 square feet in 2010.
CommonGrounds Inks 46 KSF Lease in LA
The coworking firm has signed a 13-year lease at Lincoln Property Co.’s 915 Wilshire Blvd., in the downtown L.A. financial district.
Orlando Office Portfolio Trades for $33M
Highwoods Properties sold the fee simple interest in the two-building property to Metrocenter Office LLC. CBRE arranged the deal on behalf of the seller.
HFF Secures $17M Refi for Sacramento Facility
The Bendetti Co. received the loan for a 302,400-square-foot industrial asset located in West Sacramento, an emerging industrial market.
Arcis Golf Acquires Dominion Golf Group’s TX Assets
The transaction comprises five golf clubs located in Austin, Dallas and San Antonio, bringing Arcis Golf’s Texas facilities to 18.
HFF Arranges Refi for NC Storage Facility
The firm’s debt placement team arranged the loan on behalf of Madison Capital Group, to refinance a 719-unit property located in Wilmington N.C.
Franklin Street Forms Industrial Team in Orlando
Larry Kahn has 20 years of industrial real estate experience. He will work together with Scott Edwards in the newly formed industrial sales and leasing department.
Spaces Opens 2nd DC Location
The coworking space provider took up 51,000 square feet in a recently renovated Thomas Circle-area property featuring a new private rooftop terrace and concierge-level services.