News
George Smith Partners Opens NYC Office
The expansion to Manhattan marks the Los Angeles-based capital markets advisor’s first location on the East Coast. Ed Steffelin will head the new outpost in his capacity as senior vice president.
Knotel Inks 4 New Leases in Manhattan
The shared workspace provider added new locations in New York City’s Midtown South and Midtown East neighborhoods totaling 76,412 square feet.
Panattoni, Principal Real Estate Lease 70 KSF Industrial Asset in OC
Daum Commercial completed the 10-year lease with a roofing distributor. The Class A asset is part of Orange County Commerce Center, a four-building property totaling 232,354 square feet.
Lightstone Launches Debt Platform
Borrowers will have access to first-lien and mezzanine loans for bridge and construction financing projects. The company plans to provide nearly $500 million within the first year.
Castellum Buys, Sells $550M in Swedish Office Assets
The real estate company continues to refocus its portfolio on growth areas, with the purchase of six properties in Linköping and the disposition of 20 others in Sundsvall.
London Draws Most Global Real Estate Investment
Despite Brexit concerns, the city topped JLL’s list for the second consecutive year, with Los Angeles, Paris and Shanghai also among the most coveted markets. But which gateway destination is the runner-up?
Welcome Group Lands $300M Capital Infusion
The Texas developer will use the funding from an investment vehicle managed by Almanac Realty Investors to reinforce its existing strengths in single-tenant projects, primarily industrial.
Office Park in Tampa Changes Hands
An affiliate of Chrysalis Health has acquired Gulf South Center, a 98,000-square-foot, six-building asset in Tampa, Fla. The new owner plans to upgrade the property.
NAI Hiffman Appoints New Senior VP
Steven Bass has joined the NAI Hiffman team as senior vice president. Until recently, he had been an executive vice president with Lee & Associates.
The Mele Group Brokers Sale of FL Facility
Marcus & Millichap’s Tampa-based office arranged the sale of a 746-unit self storage facility in St. Lucie, Fla. The brokerage team represented the seller and secured the buyer