News
Repositioning of Queens Asset Lands $81M in Financing
NKF Capital Markets arranged the loan on behalf of Normandy Real Estate Partners, for the acquisition and repositioning of 25-11 49th Ave. in Long Island City.
Magellan Completes $375M Investment Strategy
The company sold two Commerce, Calif. industrial properties for a total of $77.6 million, finishing off its three-year investment, development and disposition value-add plan.
Brennan, Arch Street Team Up for Sale-Leaseback Deal
Located in four East Coast states, the properties total 2.3 million square feet. The BlueLinx portfolio boosts the JV’s single-tenant net-leased industrial holdings to more than $1 billion.
4,000-Key Resort Planned for Dormant Vegas Site
The 25-acre parcel that has been home to the remnants of the unfinished and ill-fated Fontainebleau casino hotel project for nearly a decade will finally come to life as The Drew Las Vegas.
Seattle Mid-Rise Lands $82M Refi
HFF arranged the loan for the 182,346-square-foot, Class A property on behalf of Urban Visions. 200 Occidental is located in the Pioneer Square submarket of the metro.
HOLT CAT to Open First Regional Facility in Georgetown, TX
For the construction of the 85,000-square-foot property, the city council approved an economic development agreement that could exempt the company from up to $1.5 million in sales taxes.
Market Street Redevelopment Gets $54M in Financing
The suburban Minneapolis mixed-use project will contain 100 luxury apartments set atop 33,000 square feet of street retail and a parking structure.
Marriott Unveils Milwaukee Airport Hotel
The Four Points by Sheraton Milwaukee Airport offers 178 guest rooms and more than 17,000 square feet of meeting and event space.
Economy Watch: Roundtable Survey Offers Mixed Outlook
By D.C. Stribling Commercial real estate executives are optimistic on the whole about the economy and the real estate market in 2018, but express some caution about 2019, according to the Real Estate Roundtable’s Q1 2018 Economic Sentiment Index. Released late last week, the index is based on a survey of 47 named executives and experts, as well as other anonymous participants. The Roundtable’s Q1 2018 Sentiment Index came in at 54, a one point increase from the last quarter of 2017. The Current Conditions Index, at 57, represented an increase of four points from the previous quarter. The Future…
Capstone Equities Snags Little Tokyo Office Asset
Charles Dunn Co. negotiated the sale of the 55,000-square-foot building that serves as the Federal Public Defenders’ Los Angeles office.