News
Scannell Properties Snaps Up NC Warehouse
The Dilweg Cos. sold Regional Commerce Center, a 46-building property at 706 Ellis Road in Durham for $6.7 million. The 1.2 million-square-foot complex was 34 percent leased at the time of the sale.
Economy Watch: Construction Costs Still Rising in Major Metros
Led by two California markets, all but one of the 12 major metros tracked by Rider Levett Bucknall posted an increase last year
SD Project Lands $33M Construction Financing
The industrial development, a cold storage facility containing more than 200,000 square feet, may be expanded to a total of 800,000 square feet in the future.
Berkeley Partners Buys $14M DC-Area Asset
Previous ownership acquired a completely vacant building in 2013 and invested more than $4 million in renovations and various upgrades.
EdgeCore Forms, will Invest $2B in US Data Centers
GIC will act as main anchor investor in EdgeCore Internet Real Estate. The company is targeting six key markets across the U.S. and plans to deploy the first facilities by the end of the year.
Seavest, Fleisher Buy Denver MOB
Built in 1999, Lincoln Court Healthcare Building is a 18,417-square-foot, two-story medical office building located in the Littleton submarket.
Atlanta MOB Changes Hands
A partnership between G.H. Anderson & Co. and The Gipson Co. sold a 48,588-square-foot medical office building located in Atlanta’s Buckhead Business District.
Hall Capital Snags $36M SC Office Asset
CBRE represented the seller, a partnership between Trinity Capital Advisors and Durlach Associates, in the disposition of Faber Plaza, a five-story Class A office building in Charleston.
R&B Realty Readies for Miami Office Groundbreaking
The developer plans to break ground on The Gateway at Wynwood in the next 90 days, and has retained Colliers’ Stephen Rutchik to spearhead leasing efforts at the property.
KBS Sells South Beach Asset for $38M
CBRE’s Capital Markets and Debt & Structured Finance teams facilitated the transaction and arranged acquisition financing on behalf of buyer Green Oak Real Estate.