News
1 MSF Office Development Lands Approval in San Jose
A joint venture between TMG Partners and Valley Oak Partners has received re-zoning approval for a commercial development in the heart of the city. The proposed project is designed by Kohn Pedersen Fox Associates.
Ascentris Snags 143 KSF Office in the San Fernando Valley
A private investor sold Tri-Center Plaza in Van Nuys, Calif., to Ascentris. The new owner is set to embark on a renovation program that includes upgrading the exterior, amenities and modernizing the common areas.
CRG to Develop Former Intel Campus Near Seattle
With the recent purchase of the Seattle-area property, CRG will develop a two-phase, 1.6 million-square-foot institutional-quality business park on the site of a former Intel campus.
Hyatt Place Opens Doors in Knoxville
The hotel, located in a historic building more than 100 years old, includes 165 guestrooms in the heart of Knoxville’s downtown.
NorthMarq Appoints New SVP in Richmond
Reina Abboud will be in charge of the multiple loan operations of NorthMarq Capital’s Richmond office, including equity and debt solutions for clients.
Working Around the Tax Bill, Other 2018 Hacks
Financial and business advisor Ray Sturm penciled out the real estate environment for 2018, in light of the revised tax legislation, budget cuts and challenges in affordable housing development.
KeyBank Arranges $41M for GA Community
Passco Cos. used the first mortgage, Fannie Mae loan to purchase the 320-unit Mariner Grove community in Savannah from Brand Properties.
Evocative Enters VA Data Center Market
The Michael Faraday building, located in the heart of Fairfax County, offers good fiber connectivity options, with more than 15 carriers to choose from.
Miami-Area Retail Asset Lands $25M Acquisition Loan
The Aztec Group team of Jason Shapiro and Sean Harrington worked on behalf of the borrower acquiring the shopping center for $31.5 million.
Interstate Lands Management of Philly Hotel
The new owner of the 349-key hotel, located near the city’s airport, is planning to extensively renovate the building in the near future.