News
Velocis Sells Houston Office Campus
The Echo Lane campus comprises two buildings totaling 189,162 square feet. Since purchasing it in 2012, the firm raised the occupancy rate from 83 percent to 97 percent.
American Realty Advisors Acquires Houston Retail Center
Fidelis Realty Partners and BayNorth Capital sold Tanglewood Court, a three-building shopping project built in 2014. The property is currently fully leased.
Economy Watch: Employment Up by 223K Jobs in May
Job creation for the month beat the average of the previous 12 months and was a major increase from April’s employment numbers, according to the Bureau of Labor Statistics latest jobs report.
LaSalle Makes Major Double Acquisition from Aviva Investors
The deal is expected to close later this year and will make the firm one of the five largest global non-listed indirect real estate investment managers.
CPE’s Top 5 May Posts
Miss out on any CPE stories? Here are five of our most popular articles for the month.
Inside Convene’s New Manhattan HQ
Take a virtual tour of 101 Greenwich, the soon-to-be flagship location of the workplace hospitality provider. Bentall Kennedy and Cove Property Group recently redeveloped the asset.
Aztec Group Arranges $6M Financing
The company secured a seven-year fixed rate loan through BankUnited, on behalf of Reo Center Tampa LLC, for the acquisition of the Westshore Center office building in Tampa.
TerraCap Snags $39M Orlando Office Portfolio
HFF represented the seller, an affiliate of Banyan Street Capital and funds managed by Oaktree Capital Management, in its disposition of Resource Square I and III, two Class A properties totaling 244,549 square feet.
Miami Shopping Center Lands $10M Refi
CBRE arranged the 20-year term loan for Bird Square Plaza, an 89,582-square-foot property anchored by Latin grocer Fresco y Más.
Bridge Sells VA Office Campus for $62M
The real estate investment management firm sold SunTrust Center One and Two, a 419,700-square-foot office complex in Richmond, to FD Stonewater just one year after purchasing the asset.