News
Bellomy & Co. Facilitates Texas Storage Sale
The company represented the buyer, a Dallas-based investor, in the sale of a 198-unit self-storage facility located in Wichita Falls, Texas.
Nashville CBD Office Tower Fetches $44M
A CBRE Capital Markets team facilitated the disposition of 4th & Church on behalf of seller Albany Road Real Estate Partners.
Infomart Adds Capacity to NoVa Data Center
The 180,000-square-foot facility is set to feature nine suites for a variety of clients, from cloud providers to federal agencies.
[solidcore] Opens First Manhattan Location
The gym chain singled out Chelsea as its second New York location, planning to occupy more than 2,000 square feet at an Extell Development-owned asset.
Finmarc Continues Suburban MD Shopping Spree
The company acquired a 110,000-square-foot flex/office portfolio in Columbia, Md., shortly after purchasing another 116,000-square-foot portfolio from the same seller at the end of last year.
Broadstone Net Lease Adds New VPs in Phoenix
Greg Lang and Sean Hostert have stepped up as the firm’s vice presidents of acquisitions, focusing on sourcing and closing deals of single-tenant commercial assets.
Economy Watch: Inflation Heats Up in May
The price of gasoline and shelter continue to contribute to the increase in the all items index in May, which ticked up by 0.2 percent.
Marx Development Gets $88M in Financing for Hudson Yards Hotel
Meridian Capital Group secured the 24-month term loan from Mack Real Estate Credit Strategies. The developer plans a 42-story, Marriott-branded property across from the Javits Center on Manhattan’s Far West Side.
Velocis, Altus Buy 500 KSF DC-Area Office Campus
The partners purchased Greensboro Park, a two-building complex in Tysons, Va., from Beacon Capital, and tapped JLL to manage it. The deal marks Velocis’ fourth office acquisition in Northern Virginia.
Suburban Chicago Office Towers Land $60M Refi
Zeller Realty Group received the financing for two seven-story buildings totaling 350,000 square feet in the North Shore submarket. HFF arranged the loan through Ares Commercial Real Estate Corp.