News
Moinian Closes $595M Refi for Manhattan Asset
The developer secured a CMBS loan for 3 Columbus Circle, formerly known as the Newsweek Building and originally built as the General Motors Corp.’s headquarters.
DRA Advisors Buys Minneapolis Office Portfolio
The nearly $74 million deal includes two high-rises totaling more than 620,000 square feet of Class A space in the city’s central business district.
SC Auto Dealership to Become Mixed-Use Property
A Lat Purser & Associates division is the new owner of the asset, which it plans to convert into 20,000 square feet of office and retail space.
United Airlines Renews Lease at Chicago’s Willis Tower
The new agreement extends the carrier’s existing lease until 2033. United will invest millions to upgrade its 850,000-square-foot headquarters at the famed property.
AshbyCapital Secures $142M in Financing for London Property
The company is planning to transform the Brutalist-style building, developed in the 1970s in the Kensington area, into an office and retail asset.
Avison Young Welcomes New Philadelphia Principal
Wayne Hunt brings 42 years of experience to the position, with previous executive roles at Cushman & Wakefield, JLL and The Galbreath Co.
Madison International Grows Footprint in Poland
The company has acquired a majority interest in Capital Park SA, a major investor and developer that trades on the Warsaw stock exchange.
EverWest Arranges $63M Refi for Dallas Office Complex
Together with Korea-based investment clients, the company closed on a five-year loan for Fortis Property Group’s refinancing of The Colonnade, a 1 million-square-foot trophy property in Addison, Texas.
Schostak Brothers Buys MI Distribution Center
Colliers represented the company in the acquisition of a 950,000-square-foot facility in Grand Rapids, as well as the property’s seller, Minnetrista Investments LLC.
Nashville Office High-Rise Commands $105M
The 26-story Class A tower last changed hands in November 2013, when Shidler Group shelled out $103 million for the Union Street asset.