News
NorthMarq Arranges $157M Loan for Bay Area Office Project
Borrowers Bohannon Development Co. and Alexandria Real Estate Equities will use the financing to develop the 521,000-square-foot Phase II of Menlo Gateway, which will be occupied by Facebook.
Lee Harvard Shopping Center in Cleveland Trades for $13M
Arnold J. Eisenberg Inc. facilitated the sale of the 190,000-square-foot retail asset on behalf of the seller, Excelsior Capital Partners.
Liberty Property Trust Sells Office Building at Philly Navy Yard
The $130.5 million acquisition of a building that’s fully leased to pharma giant GlaxoSmithKline marks the second major purchase for Korea Investment Management in Philadelphia.
‘War for Talent’ Drives CRE Activity in Dallas-Fort Worth
DFW’s business-friendly environment, quality of life and well-educated labor pool help attract companies to the region, which has an unemployment rate running below the national average.
Historic San Francisco Hotel Changes Management
Sonesta International will operate the 372-key luxury property. The asset, placed in the heart of the Tenderloin neighborhood, opened in 1915.
Is It Time for a Change?
Does your property need an update? Or have you recently completed some construction? This month, Commercial Property Executive and Kingsley Associates partnered to find out what tenants think of renovations.
Viking Partners Picks Up Knoxville Office Asset
Parkside Plaza features a strong tenant base and is home to notable companies such as Keller Williams, New Penn Financial and Raymond James.
Phoenix Investors Grabs $14M Industrial Portfolio
The two former Quad Graphics properties, located in rural Tennessee and Illinois, total more than 1.1 million square feet. The new owner plans to renovate both assets.
NY Storage Facilities Receive $36M Refi
The two properties, located in Queens and Yonkers, received a combined $36 million loan. Progress Capital secured the financing on behalf of Storage Fox Inc.
Public Storage Brings New Facility to Seattle
The firm has opened a new self-storage facility located in Puyallup, Wash. The property offers more than 1,200 units of storage space serving the local community.