News
Vornado Secures $120M for Manhattan Retail Property
The REIT will use the financing, provided by Wells Fargo Bank, to replace an existing loan on the 206,000-square-foot property at 4 Union Square South.
Lincoln Property Snaps Up Seattle Creative Office Asset
LBA Realty sold 501 Eastlake, a five-story, multi-tenant building in the city’s South Lake Union district, for about $59 million.
TriGate Capital, RSP Partners Trade Phoenix Retail Center
The Niki Group purchased the shopping center in a $26 million transaction handled by CBRE. LA Fitness anchors the 150,000-square-foot asset.
A Coworking Pioneer’s Prediction: Exponential Growth
Servcorp has been in the coworking business since the sector’s inception. These days, the company’s COO, Marcus Moufarrige, is examining the changing landlord-tenant relationship and its potential to fuel the segment’s continued expansion.
NexGen Acquires CO MOB
Transwestern has brokered the sale of EastRidge, a 23,119-square-foot medical office building in Highlands Ranch, Colo., for roughly $5 million.
Major Miami Mixed-Use Project Reaches Completion
With the last temporary certificate of occupancy in place, Integra Investments concluded the development of the 1.2 million-square-foot Aventura ParkSquare in Aventura, Fla.
Group RMC Lands $63M for Chicago Office Purchase
JLL Capital Markets arranged the loan through Morgan Stanley, to facilitate the company’s acquisition of a three-building Class A campus in the metro’s East-West corridor.
Nicola Crosby Buys $50M Houston Office Building
HFF worked on behalf of the buyer to arrange a seven-year, 4.6 percent fixed-rate acquisition loan for its purchase of Westgate I, a four-story, 249,00-square-foot asset.
Ryan Cos. to Develop NV Facility for Polaris Industries
Located 30 miles east of Reno in Fernley, the upcoming 475,000-square-foot facility will initially distribute OEM parts and accessories, as well as expand to include Transamerican Auto Parts and Kolpin.
JOSS Realty Snags $30M VA Office Building
Cushman & Wakefield represented the seller, Finmarc Management, in the disposition of the Offices at Waterfront Center. The property is anchored by Sport & Health, a full-service fitness and health club.